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What is free cash flow for Alpha Beta Co. in 1925? Alpha Beta Co. Financial Statements ($ millions) 1924 1925 Sales $26,209 $27,801 Cost of

What is free cash flow for Alpha Beta Co. in 1925?

Alpha Beta Co.

Financial Statements

($ millions)

1924

1925

Sales

$26,209

$27,801

Cost of Sales and SG&A

24,084

25,842

Depreciation

473

684

EBIT

1,652

1,275

Interest Expense

239

252

Earnings before Taxes

1,413

1,023

Income Taxes

445

400

Net Income

$968

$623

1924

1925

Cash & Equivalents

$937

$1,025

Accounts Receivable

665

656

Inventories

1,821

2,020

Total Current Assets

3,423

3,701

Fixed Assets

8,734

9,372

Other Assets

792

688

Total Assets

$12,949

$13,761

Short-Term Debt

$717

$627

Accounts Payable

2,416

2,535

Total Current Liabilities

3,133

3,162

Long Term Debt

3,935

4,194

Other Liabilities

467

519

Total Liabilities

7,535

7,875

Common Share Capital

1,192

1,192

Retained Earnings

4,222

4,694

Total Shareholders' Equity

5,414

5,886

Total Liabilities & Equity

$12,949

$13,761

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