Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 liabilities are non-interest-bearing decimal places.) Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Income statement Free cash flow Monarch Textiles, Inc. ($ thousands) 2017 1,250 750 125 60 50 265.00 106.00 159.00 Selected balance sheet items Current assets Net fixed assets Current liabilities 2016 350 120 225 2017 475 240 305

Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 liabilities are non-interest-bearing decimal places.) Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Income statement Free cash flow Monarch Textiles, Inc. ($ thousands) 2017 1,250 750 125 60 50 265.00 106.00 159.00 Selected balance sheet items Current assets Net fixed assets Current liabilities 2016 350 120 225 2017 475 240 305

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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