. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019. Income statement for the period ended 12/31/19 Sales Less: Cost of goods sold Less: Depreciation Gross profit Less: S, G & A expenses Operating profit Less: Interest expense Profit before tax Less: Tax expense Net income $400 100 50 $31.05 $61.95 $87.95 250 10C 150 143 40 $103 Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital $25. What was Billie's Baubles' Free Cash Flow (FCF) for 2019?

. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019. Income statement for the period ended 12/31/19 Sales Less: Cost of goods sold Less: Depreciation Gross profit Less: S, G & A expenses Operating profit Less: Interest expense Profit before tax Less: Tax expense Net income $400 100 50 $31.05 $61.95 $87.95 250 10C 150 143 40 $103 Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital $25. What was Billie's Baubles' Free Cash Flow (FCF) for 2019?

FINANCIAL ACCOUNTING

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Question

. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019.
Income statement for the period ended 12/31/19
Sales
Less: Cost of goods sold
Less: Depreciation
Gross profit
Less: S, G & A expenses
Operating profit
Less: Interest expense
Profit before tax
Less: Tax expense
Net income
$400
100
50
250
100
150
$31.05
$61.95
$87.95
$92.50
7
143
40
$103
Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital was
$25.
What was Billie's Baubles' Free Cash Flow (FCF) for 2019?

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