Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Year 2019 2020 Net sales 10000 12700 Costs of goods 5000 7600 Depreciation 1000 600 Taxes paid 1000 900 Cash 10200 10900 Accounts receivable 2300
Year | 2019 | 2020 |
Net sales | 10000 | 12700 |
Costs of goods | 5000 | 7600 |
Depreciation | 1000 | 600 |
Taxes paid | 1000 | 900 |
Cash | 10200 | 10900 |
Accounts receivable | 2300 | 2300 |
Inventory | 1400 | 1000 |
Current liabilities | 4100 | 6400 |
Net fixed assets | 6600 | 7300 |
Please calculate the free cash flow in 2020 (keep zero decimal places).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started