Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends Balance Sheet (In Thousands) Assets Cash and marketable securities Accounts receivable Inventories Total current assets Net fixed assets (PP&E) Total assets Liabilities and equity: Accounts payable Notes payable Accruals 2014 2013 $24,800.00 $22,000.00 -$14,880,00 -$13,200.00 $9,920.00 $8,800.00 -$920.00 -$800.00 $9,000.00 $8,000.00 -$112.00 -$160.00 $8,888.00 $7,840.00 -$3,555.20 -$3,136.00 $5,332.80 $4,704.00 $2,082.00 $2,352.00 2014 $1,200.00 $5,565.00 $7.440.00 $14,205.00 $9.200.00 $23,405.00 2013 $1,000.00 $5,000.00 $6,000.00 $12,000.00 $8,000.00 $20,000.00 $6,500.00 $6,000.00 $400.00 $1,000.00 $3.254.20 $3.000.00
Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends Balance Sheet (In Thousands) Assets Cash and marketable securities Accounts receivable Inventories Total current assets Net fixed assets (PP&E) Total assets Liabilities and equity: Accounts payable Notes payable Accruals 2014 2013 $24,800.00 $22,000.00 -$14,880,00 -$13,200.00 $9,920.00 $8,800.00 -$920.00 -$800.00 $9,000.00 $8,000.00 -$112.00 -$160.00 $8,888.00 $7,840.00 -$3,555.20 -$3,136.00 $5,332.80 $4,704.00 $2,082.00 $2,352.00 2014 $1,200.00 $5,565.00 $7.440.00 $14,205.00 $9.200.00 $23,405.00 2013 $1,000.00 $5,000.00 $6,000.00 $12,000.00 $8,000.00 $20,000.00 $6,500.00 $6,000.00 $400.00 $1,000.00 $3.254.20 $3.000.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Balance Sheet (In Thousands)
Assets
Cash and marketable securities
Accounts receivable
Inventories
Total current assets
Net fixed assets (PP&E)
Total assets
Liabilities and equity:
Accounts payable
Notes payable
Accruals
Total current liabilities
Long-term bonds
Total liabilities
gends
Common stock (2 million shares)
Retained earnings
Total common equity
Total liabilities and equity
O $2.368
$3,028
$2.868
$2,749
O $2,939
2014
2013
$1,200.00 $1,000.00
$5,565.00 $5,000.00
$7.440.00 $6,000.00
$14,205.00 $12,000.00
$9,200.00
$8,000.00
$23,405.00 $20,000.00
$6,500.00 $6,000.00
$400.00 $1,000.00
$3,254.20 $3,000.00
$10,154.20 $10,000.00
$1,000.00 $1,000.00
$11,154.20 $11,000.00
$6,000.00
$6,000.00
$6 250 80
$3,000.00
$12,250.80
$9,000.00
$23 405.00
$20,000.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ae80a1-e1d5-43ac-ac08-1553481b35fc%2F00c724c0-5b8d-4ee6-bc0c-e3556645ac48%2Fj5e99st_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Balance Sheet (In Thousands)
Assets
Cash and marketable securities
Accounts receivable
Inventories
Total current assets
Net fixed assets (PP&E)
Total assets
Liabilities and equity:
Accounts payable
Notes payable
Accruals
Total current liabilities
Long-term bonds
Total liabilities
gends
Common stock (2 million shares)
Retained earnings
Total common equity
Total liabilities and equity
O $2.368
$3,028
$2.868
$2,749
O $2,939
2014
2013
$1,200.00 $1,000.00
$5,565.00 $5,000.00
$7.440.00 $6,000.00
$14,205.00 $12,000.00
$9,200.00
$8,000.00
$23,405.00 $20,000.00
$6,500.00 $6,000.00
$400.00 $1,000.00
$3,254.20 $3,000.00
$10,154.20 $10,000.00
$1,000.00 $1,000.00
$11,154.20 $11,000.00
$6,000.00
$6,000.00
$6 250 80
$3,000.00
$12,250.80
$9,000.00
$23 405.00
$20,000.00
![Given the information below, determine the free cash flow for 2014.
Income Statement (In Thousands)
Sales
Operating costs
EBITDA
Depreciation
Earnings before interest and taxes
Interest (8%)
Earnings before taxes
Taxes (40%)
Net income
Common dividends
Balance Sheet (In Thousands)
Assets:
Cash and marketable securities
Accounts receivable
Inventories
Total current assets
Net fixed assets (PP&E)
Total assets
Liabilities and equity:
Accounts payable
Notes payable
Accruals
2014
$24,800.00
-$14,880.00
$9,920.00
-$920.00
$9,000.00
-$112.00
$8,888.00
$7.840.00
-$3,555.20 -$3,136.00
$5,332.80 $4,704.00
$2,082.00
$2,352.00
2014
2013
$22,000.00
$13,200.00
$8,800.00
-$800.00
$8,000.00
-$160.00
$1,200.00
$5,565.00
$7.440.00
$14,205.00
$9,200.00
$23,405.00
2013
$1,000.00
$5,000.00
$6,000.00
$12,000.00
$8,000.00
$20,000.00
$6,500.00
$6,000.00
$400.00 $1,000.00
$3.254.20 $3,000.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F16ae80a1-e1d5-43ac-ac08-1553481b35fc%2F00c724c0-5b8d-4ee6-bc0c-e3556645ac48%2Fz2q5iuk_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Given the information below, determine the free cash flow for 2014.
Income Statement (In Thousands)
Sales
Operating costs
EBITDA
Depreciation
Earnings before interest and taxes
Interest (8%)
Earnings before taxes
Taxes (40%)
Net income
Common dividends
Balance Sheet (In Thousands)
Assets:
Cash and marketable securities
Accounts receivable
Inventories
Total current assets
Net fixed assets (PP&E)
Total assets
Liabilities and equity:
Accounts payable
Notes payable
Accruals
2014
$24,800.00
-$14,880.00
$9,920.00
-$920.00
$9,000.00
-$112.00
$8,888.00
$7.840.00
-$3,555.20 -$3,136.00
$5,332.80 $4,704.00
$2,082.00
$2,352.00
2014
2013
$22,000.00
$13,200.00
$8,800.00
-$800.00
$8,000.00
-$160.00
$1,200.00
$5,565.00
$7.440.00
$14,205.00
$9,200.00
$23,405.00
2013
$1,000.00
$5,000.00
$6,000.00
$12,000.00
$8,000.00
$20,000.00
$6,500.00
$6,000.00
$400.00 $1,000.00
$3.254.20 $3,000.00
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