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6 - Accounting for Fin. Mgmt. Quantitative Problem: Roshan Industries 2018 and 2017 balance sneers and ir Balance Sheets: 2018 2017 Assets $85 $100 275 300 Cash and equivalents Accounts receivable Inventories Total current assets Net plant and equipment Total assets 375 250 $750 2,300 $3,050 $635 1,490 $2,125 $85 50 Liabilities and Equity Accounts payable Accruals Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $150 75 150 $375 450 75 $210 290 $825 $500 1,225 1,000 $2,225 $3,050 1,225 400 $1,625 $2,125 Income Statements: 2018 2017 Sales Operating costs excluding depreciation EBITDA Depreciation and amortization EBIT Interest $2,800 1,250 $1,550 100 $1,450 62 $1,388 555 $1,700 1,000 $ 700 75 $625 45 $580 232 $348 EBT Taxes (40%) Net income $833 Dividends paid Addition to retained earnings $53 $48 $300 $600 Shares outstanding Price WACC 100 $25.00 10.00% 100 $22.50 The balance in the firm's cash and equivalents account is needed for operations and is not considered "excess" cash. Using the financial statements given above, what is Rosnan's 2018 free cash flow (FCF)? Cash outflow, if any, should be indicated by a minus sign. Round your answer to the nearest dollar. $

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