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

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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