Question
What is the free cash flow for 2014? Income Statements and Balance Sheet Balance Sheet 2012 2013 2014 Cash $9,000 $7,282 $14,000 Short-term investments 48,600
What is the free cash flow for 2014?
Income Statements and Balance Sheet Balance Sheet | 2012 | 2013 | 2014 |
Cash | $9,000 | $7,282 | $14,000 |
Short-term investments | 48,600 | 20,000 | 71,632 |
Accounts receivable | 351,200 | 632,160 | 878,000 |
Inventories | 715,200 | 1,287,360 | 1,716,480 |
Total current assets | $1,124,000 | $1,946,802 | $2,680,112 |
Gross fixed assets | 491,000 | 1,202,950 | 1,220,000 |
Less: Accumulated depreciation | 146,200 | 263,160 | 383,160 |
Net fixed assets | $344,800 | $939,790 | $836,840 |
Total assets | $1,468,800 | $2,886,592 | $3,516,952 |
Liabilities and Equity | |||
Accounts payable | $145,600 | $324,000 | $359,800 |
Notes payable | 200,000 | 720,000 | 300,000 |
Accruals | 136,000 | 284,960 | 380,000 |
Total current liabilities | $481,600 | $1,328,960 | $1,039,800 |
Long-term debt | 323,432 | 1,000,000 | 500,000 |
Common stock (100,000 shares) | 460,000 | 460,000 | 1,680,936 |
Retained earnings | 203,768 | 97,632 | 296,216 |
Total equity | $663,768 | $557,632 | $1,977,152 |
Total liabilities and equity | $1,468,800 | $2,886,592 | $3,516,952 |
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