Below is the balance sheet for Southern Comfort Company for December 31 of 2019 and...
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Finance
Below is the balance sheet for Southern Comfort Company for December 31 of 2019 and 2020.
| 2019 | 2020 | 2019 | 2020 | |||
| Cash | 1,650 | 2050 | Accounts payable | 4,950 | 6,150 | |
| Accounts receivable | 4,950 | 6,150 | Current liabilities | 4,950 | 6,150 | |
| Inventory | 4,950 | 6,150 | Long-term debt | 9,900 | 12,300 | |
| Current assets | 11,550 | 14,350 | Total liabilities | 14,850 | 18,450 | |
| Net fixed assets | 21,450 | 26,650 | Equity | 18,150 | 22,550 | |
| Total assets | 33,000 | 41,000 | Total liab. & equity | 33,000 | 41,000 |
A partial income statement for 2020 is also given:
| Amount | |
| Sales | 98,400 |
| Operating costs except dep. | 54,120 |
| Depreciation | 14,760 |
| Interest | 9,840 |
| Taxes (34%) |
1. What was net income in 2020? 12,988.80
2. What was NOPAT + depreciation in 2020?
3. What was the capital expenditure in 2020? 4. What was the change in net operating working capital during 2020? (Assuming no excess cash)
5. What was the free cash flow in 2020?
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