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omparative financial statement data for Carmono Company follow: This Year Last Year...

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Accounting

omparative financial statement data for Carmono Company follow:
This Year Last Year
Assets
Cash and cash equivalents $ 19.00 $ 37.00
Accounts receivable 96.0089.00
Inventory 150.00139.00
Total current assets 265.00265.00
Property, plant, and equipment 300.00240.00
Less accumulated depreciation 64.0048.00
Net property, plant, and equipment 236.00192.00
Total assets $ 501.00 $ 457.00
Liabilities and Stockholders Equity
Accounts payable $ 90.00 $ 69.00
Common stock 210.00160.00
Retained earnings 201.00228.00
Total liabilities and stockholders equity $ 501.00 $ 457.00
For this year, the company reported net income as follows:
Sales $ 2,000.00
Cost of goods sold 1,200.00
Gross margin 800.00
Selling and administrative expenses 780.00
Net income $ 20.00
This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock.
Required:
Using the indirect method, prepare a statement of cash flows for this year.
Compute Carmonos free cash flow for this year.

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