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Problem 18 Intro Below is the balance sheet for Southern Comfort Company for December 31...

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Finance

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Problem 18 Intro Below is the balance sheet for Southern Comfort Company for December 31 of 2019 and 2020. 2019 2020 5,850 6.750 5,850 6,750 11,700 13,500 2019 2020 Cash 1,950 2,250 Accounts payable Accounts Current receivable 5,850 6.750 liabilities Long-term Inventory 5,850 6.750 debt Current 13,650 15.750 Total assets liabilities Net fixed assets 25,350 29,250 Equity Total liab Total assets 39,000 45,000 & equity 17,550 20,250 21,450 24,750 39,000 45,000 A partial income statement for 2020 is also given: Amount Sales 108,000 Operating costs except dep. 59.400 Depreciation 16,200 Interest 10.800 Taxes (34%) 8 Attempt 3/3 for 0 pts. Part 1 What was net income in 2020? 37,584 Incorrect Amount 108,000 59,400 Sales Operating costs except dep. Depreciation EBIT Interest EBT Taxes (34%) Net income 16,200 32,400 10,800 21,600 7,344 14,256 Part 2 8 Attempt 2/3 for 10 pts What was NOPAT + depreciation in 2020? 0+ decima Submit Attempt 1/3 for 10 pts. Part 3 What was capital expenditure in 2020? 0+ decima Submit Part 4 - Attempt 1/3 for 10 pts What was the change in net operating working capital during 2020? (Assuming no excess cash) 0+ decima Submit Attempt 1/3 for 10 pts. Part 5 What was the free cash flow in 2020? 0+ decima Submit

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