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free cash flow

free cash flow

FINANCIAL ACCOUNTING
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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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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