free cash flow

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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please help, with steps for calculating.

Calculate free cash flow for 2017 for Monarch Textiles, Inc., 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 2017. (Round your answer to 1
decimal places.)
Monarch Textiles, Inc. ($ thousands)
Incone statement
Selected balance sheet items
2017
2016
380
2017
Sales
1,340
780
140
Current assets
Net fixed assets
Current liabilities
520
264
Cost of sales
Operating expenses
Depreciation
Interest expense
132
240
320
ook
66
runt
se
Earnings before taxes
Tax
Net income
304.e0
121.60
erences
182.40
Free cash flow
56 4
Transcribed Image Text:Calculate free cash flow for 2017 for Monarch Textiles, Inc., 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 2017. (Round your answer to 1 decimal places.) Monarch Textiles, Inc. ($ thousands) Incone statement Selected balance sheet items 2017 2016 380 2017 Sales 1,340 780 140 Current assets Net fixed assets Current liabilities 520 264 Cost of sales Operating expenses Depreciation Interest expense 132 240 320 ook 66 runt se Earnings before taxes Tax Net income 304.e0 121.60 erences 182.40 Free cash flow 56 4
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