Calculate free cash flow for 2021 for Monarch Textiles, Incorporated, based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2021. Monarch Textiles, Incorporated ($ thousands) Income statement Selected balance sheet items 2021 2020 2021 Sales 1,160 Current assets Cost of sales 712 Net fixed assets Operating expenses 104 Current liabilities Depreciation 54 Interest expense 50 Earnings before taxes 240 Tax 96 Net income 144 320 430 108 216 210 290 Note: Round your answer to the 1000s place. Answer is complete but not entirely correct. Free cash flow $ 44,000 ×
Calculate free cash flow for 2021 for Monarch Textiles, Incorporated, based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2021. Monarch Textiles, Incorporated ($ thousands) Income statement Selected balance sheet items 2021 2020 2021 Sales 1,160 Current assets Cost of sales 712 Net fixed assets Operating expenses 104 Current liabilities Depreciation 54 Interest expense 50 Earnings before taxes 240 Tax 96 Net income 144 320 430 108 216 210 290 Note: Round your answer to the 1000s place. Answer is complete but not entirely correct. Free cash flow $ 44,000 ×
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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