4. rate is 21%. firm b. p... X. You have the following information for firm X. Assume the firm's tax Line Item 2021 22,000 24,000 3,100 3,200 7,400 9,000 2,000 1,500 1,400 1,700 11,000 12,000 15,000 18,000 2,000 3,000 38,000 46,000 95,000 101,000 8,000 8,700 Inventory 27,000 28,000 Dividends 3,000 4,000 Sales Depreciation Cost of Goods Sold Other Expenses Interest Expense Cash Accounts Receivable 2020 Short-term debt Long-term debt Net Fixed Assets Accounts Payable Create an income statement for 2020 and 2021 for Create a balance sheet for 2020 and 2021 for firm is What is the free cash flow for 2020 and 2021?
4. rate is 21%. firm b. p... X. You have the following information for firm X. Assume the firm's tax Line Item 2021 22,000 24,000 3,100 3,200 7,400 9,000 2,000 1,500 1,400 1,700 11,000 12,000 15,000 18,000 2,000 3,000 38,000 46,000 95,000 101,000 8,000 8,700 Inventory 27,000 28,000 Dividends 3,000 4,000 Sales Depreciation Cost of Goods Sold Other Expenses Interest Expense Cash Accounts Receivable 2020 Short-term debt Long-term debt Net Fixed Assets Accounts Payable Create an income statement for 2020 and 2021 for Create a balance sheet for 2020 and 2021 for firm is What is the free cash flow for 2020 and 2021?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:4.
rate is 21%.
a.
firmtx.
b. p...
X.
C.
You have the following information for firm X. Assume the firm's tax
Line Item
Sales
22,000
24,000
3,100
3,200
7,400
9,000
2,000
1,500
1,400
1,700
11,000
12,000
15,000
18,000
2,000
3,000
38,000 46,000
95,000 101,000
8,000 8,700
Inventory 27,000 28,000
Dividends 3,000 4,000
Depreciation
Cost of Goods Sold
Other Expenses
Interest Expense
Cash
Accounts Receivable
2020
Short-term debt
Long-term debt
Net Fixed Assets
Accounts Payable
2021
Create an income statement for 2020 and 2021 for
Create a balance sheet for 2020 and 2021 for firm
What is the free cash flow for 2020 and 2021?
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