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Use the following to determine FCF ( Free Cash Flow ) for the current year. Assume an effective tax rate of 2 5 % :

Use the following to determine FCF (Free Cash Flow) for the current year. Assume an effective tax rate of 25% :
\table[[,Current Year,Prior Year],[Revenue,100,000,],[COGS (Cost of Goods Sold),67,000,],[\table[[Gross Profit],[Wapes Fxpense]]],[Wages Expense,11,500,],[Rent and Other Occupancy Expense,15,000,],[Depreciation Expense,1,000,],[Operating Income],[Current Assets],[Accounts Receivable,8,500,8,200],[Inventory,5,500,6,000],[Total Current Assets],[Gross Fixed Assets (at historical cost),50,000,46,000],[less: Accumulated Depreciation,30,000,29,000],[Net Fixed Assets,20,000,17,000],[Total Assets],[Current Liabilities],[Accounts Payable,\table[[4,200]],4,500],[Wages Payable,\table[[950],[-9]],900],[\table[[Enter your answer as a monetary amount rounded to four decimal places, but without the currency symbol. For example, if your answer is $90.1234, enter 90.1234. Show a],[decrease as a negative figure.]]],[Type your answer...,,]]
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