Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that...

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Finance

Calculate free cash flow for 2017 for Monarch Textiles, Inc.,based on the financial information that follows. Assume that allcurrent liabilities are non-interest-bearing liabilities and thatno fixed assets were sold or disposed of during 2017.(Enter your answer in 1000s.)
Monarch Textiles, Inc. ($ thousands)
Income statement Selected balance sheet items
2017 2016 2017
Sales 1,610 Current assets 470 655
Cost of sales 870 Net fixed assets 168 336
Operating expenses 185 Current liabilities 285 365
Depreciation 84
Interest expense 50
Earnings before taxes 421.00
Tax 168.40
Net income 252.60
What is the free cash flow?

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4.3 Ratings (863 Votes)

EBIT EBT Interest Expense EBIT 42100 5000 EBIT 47100 Tax Rate Tax EBT Tax Rate 16840 42100 Tax Rate 40 Working Capital 2017 Current Assets 2017 Current See Answer

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Calculate free cash flow for 2017 for Monarch Textiles, Inc.,based on the financial information that follows. Assume that allcurrent liabilities are non-interest-bearing liabilities and thatno fixed assets were sold or disposed of during 2017.(Enter your answer in 1000s.)Monarch Textiles, Inc. ($ thousands)Income statementSelected balance sheet items201720162017Sales1,610Current assets470655Cost of sales870Net fixed assets168336Operating expenses185Current liabilities285365Depreciation84Interest expense50Earnings before taxes421.00Tax168.40Net income252.60What is the free cash flow?

Monarch Textiles, Inc. ($ thousands)
Income statement		Selected balance sheet items
	2017		2016	2017
Sales	1,610	Current assets	470	655
Cost of sales	870	Net fixed assets	168	336
Operating expenses	185	Current liabilities	285	365
Depreciation	84
Interest expense	50
Earnings before taxes	421.00
Tax	168.40
Net income	252.60