Use the following information to answer questions 18 21. SHOW YOUR WORK

The following information was abstracted from the financial statements of Bateman & Co. for the year ended December 31, 2015:

18. How much cash was received from customers? 18________________________

19. How much inventory was purchased during the year? 19________________________

20. Is cash paid for inventory more, less or the same as the amount

of inventory purchased during the year? 20________________________

More, Less or the same

21. How much Free Cash Flow did the company have during 2015? 21________________________

PLEASE SOLVE WITHOUT USING EXCEL FUNCTIONS

12/31/15 12/31/14 Change $25,000 Accounts Receivable 3,000 $ 2,700300 200 100 Sales COGS EBIT Net Income Operating Cash Flows Capital Expenditures Depreciation Effective Tax Rate 15,000 7,000 4,000 6,000 NOWC (1,000) Inventory Accounts Payable 1,500 1,800 1,300 1,700 $7,000 $ 5,000$ 2,000 600 40.0%