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