Questions 1-5 are based on the three partial financial statements that were similar...
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Questions 1-5 are based on the three partial financial statements that were similar to what we used in HW3 Partial Income Statement At the End of 2019 Sales revenue Cost of goods sold Fixed costs Selling, general, and administrative expenses Interest expense Depreciation $350,200 $142,000 $43,000 $27,800 $10,000 $45.800 Tax rate 40% ASSETS Cash Accounts receivable Inventories Partial Balance Sheet 2018 LIABILITIES $16,100 Notes payable $27,800 Accounts payable $47,900 Long-term debt $367,800 OWNERS' EQUITY $143,000 Accumulated retained earnings $81,900 Common stock $14,200 $18,800 $189,900 Gross Fixed assets Accumulated depreciation (-) Intangible assets $131,900 ASSETS Cash and marketable securities Accounts receivable Partial Balance Sheet 2019 LIABILITIES $26,000 Notes payable $19,200 Accounts payable $53,200 Long-term debt $448,200 OWNERS' EQUITY Accumulated retained earnings $82,000 Common stock $11,800 $24,100 $161,800 Inventories Gross Fixed assets Accumulated depreciation (-) Intangible assets $181,900 QUESTION 4 What is the free cash flow (FCF) in 2019? O S26,560 O S14,160 O S174,960 O-$19,240 QUESTION 5 What is the change of FCF in 2019 if the Interest expense in 2019 was decreased by $10,000? OSO O S4,000 -$4.000 O $10,000
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