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7 W 10 points metimum Northeaster Tool Income statement For the period ended 12/31/2020 k5000)...

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Accounting

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7 W 10 points metimum Northeaster Tool Income statement For the period ended 12/31/2020 k5000) Northeastern Tool Balance Sheets For 12/31/2019 & 12/31/2020 k$000) ASSETS 12/31/2019 12/31/2020 Cash 500 $ 700 Acc. Rec. $ 6,250 $ 7,300 Inventory 6, 470 $ 5,180 CURRENT ASSETS $ 13,220 S 13,380 $ w Sales $ 22,560 COGS $ 11,506 Gross margin $ 11,054 Expense $ 5,332 Depreciations 700 EBIT $ 5,022 Interest $ 1,180 EBT $ 3,842 Tax $ 1,537 Net Income $ 2,305 Fixed assets gross LArcum, Dep. Net $ 7,500 $ 9,000 $_12,400) $_3,100) $ 5,100 $ 5,900 valley $ 18,320 s 19,280 TOTAL ASSETS Acct. Payable Accruals CURRENT LIABILITIES LIABILITIES $ 1,860 $ $ 850 $ $ 2,710 S valu 2,210 220 2,430 Long-term debt Equity TOTAL CAPITAL $ 11,320 $ 12,335 $ 3,000 $ 5.105 $ 14,320 $ 17,440 I TOTAL LIABILITIES AND EQUITY $ 17,030 S 19,870 In addition, Northeastern Tool paid dividends of $1.2 million and sold new stock valued at $1.0 million 2020. (10 pts) Construct Northeastern Tool's free cash flows from operation (FCF)

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