If the tax rate is 21%, determine the Free Cash Flow for 2020 2019 2020 2019 2020 書 Net sales Cost of sales Property, plant and equipment, net $61,808 Accounts payable Accrued expenses Notes payable Current portion of LT debt $626,032 $683,640 $66,388 $351,384 $426,424 Total operating expenses $53,684 Operating income Accounts receivable $61,220 $220,964 $195,996 $52,408 $7,056 $84,700 $45,656 $3,492 $3,112 $89,468 $55,424 $7,640 $3,380 $43,720 $3,164 Inventories For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
If the tax rate is 21%, determine the Free Cash Flow for 2020 2019 2020 2019 2020 書 Net sales Cost of sales Property, plant and equipment, net $61,808 Accounts payable Accrued expenses Notes payable Current portion of LT debt $626,032 $683,640 $66,388 $351,384 $426,424 Total operating expenses $53,684 Operating income Accounts receivable $61,220 $220,964 $195,996 $52,408 $7,056 $84,700 $45,656 $3,492 $3,112 $89,468 $55,424 $7,640 $3,380 $43,720 $3,164 Inventories For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:If the tax rate is 21%, determine the Free Cash Flow for 2020
2019
2020
2019
2020
Net sales
$626,032 $683,640
$351,384 $426,424
$61,220
Property, plant and equipment, net $61,808
Accounts payable
Accrued expenses
Notes payable
$66,388
Cost of sales
$84,700
$89,468
Total operating expenses $53,684
Operating income
$45,656
$55,424
$220,964 $195,996
$43,720
$3.492
$7,640
$3,380
Accounts receivable
$52,408
Current portion of LT debt
$3,112
Inventories
$3,164
$7,056
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
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Step 1
Cash flow statement: It is a statement which reports the cash inflows and outflows of a business during the period under operating activities, financing activities and investing activities. The cash flow statement is prepared under both direct and indirect methods.
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