The Free Cash Flow (FCF) for 2020 is _____________

Income Statement year ending 2020 Sales Revenues Cost of goods sold Fixed costs Selling, general, and administrative expenses Depreciation EBIT Taxes Net Operating Profits after Taxes (NOPAT) $120 36 151 23 101 *** Tax rate Dividends paid 30% $10 $7 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Partial Balance Sheet 12/31/2019 LIABILITIES Current Liabilities $4] Accruals 6 Accounts payable Total current liabilities Long-term debt Total Liabilities 119 OWNERS' EQUITY 10 (1) Retained earnings Common stock Total owner's equity 20 Gross Fixed assets Accumulated depreciation Net Fixed assets Intangible assets TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY (1) These are cumulative retained earnings but textbook simply calls it retained earnings $6 ASSETS Current Assets Cash Accounts receivable Inventories Total current assets Gross Fixed assets Accumulated depreciation Net Fixed Assets Intangible assets Total long-term assets Partial Balance Sheet 12/31/2020 LIABILITIES Current Liabilities $3 Accruals 3 Accounts payable Total current liabilities Long-term debt 70 Total liabilities OWNERS' EQUITY Retained earnings Common stock Total owner's equity 15 0 TOTAL ASSETS TOTAL LIABILITIES & OWNER'S EQUITY When answering, round to the nearest $0.01 (cent) and DO NOT use dollar signs, USE commas to separate thousands, DO NOT use parenthesis to denote negative numbers, USE the negative sign and place it in front of first digit of your answer when your answer is a negative number. For example, if your result is $43.6 then enter 43.60; if it is - $3 then enter -3.00; if it is $2,456.786 then enter 2,456.79 The Free Cash Flow (FCF) for 2020 is