Calculate free cash flow for 2021 for Monarch Textiles, Incorporated, based on the financial information that follows. Assume that allcurrent liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2021.Income statementSalesCost of salesOperating expensesDepreciationInterest expenseEarnings before taxesFree cash flowMonarch Textiles, Incorporated ($ thousands)20211,700 Current assets820 Net fixed assets140 Current liabilities9050600240360TaxNet incomeNote: Round your answer to the 1000s place.Selected balance sheet items20205001803002021700360380

Free cash flow is calculated as shown below.

Income statement ales ost of sales perating expenses epreciation nterest expense arnings before taxes ax et income Monarch Textiles, Incorporated ($ thousands) 2021 1,700 Current assets 820 Net fixed assets 140 Current liabilities 90 50 600 240 360 e: Round your answer to the 1000s place. Selected balance sheet items 2020 500 180 300 2021 700 360 380

Income statement ales ost of sales perating expenses epreciation nterest expense arnings before taxes ax et income Monarch Textiles, Incorporated ($ thousands) 2021 1,700 Current assets 820 Net fixed assets 140 Current liabilities 90 50 600 240 360 e: Round your answer to the 1000s place. Selected balance sheet items 2020 500 180 300 2021 700 360 380

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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