Assets 2019 2018 Cash $1,480 $1,020 Marketable securities 1,800 1,150 Accounts r

ID: 2331242 • Letter: A

Question

Assets 2019 2018

Cash $1,480 $1,020

Marketable securities 1,800 1,150

Accounts receivable 1,960 1,770

Inventories 2,910 2,790

Total current assets $8,150 $6,730

Gross fixed assets $29,490 $28,080

Less: Accumulated depreciation 14,650 13,080

Net fixed assets $14,840 $15,000

Total assets $22,990 $21,730

Liabilities and Stockholders' Equity

Accounts payable $1,650 $1,460

Notes payable 2,750 2,190

Accruals 200 270

Total current liabilities $4,600 $3,920

Long-term debt $5,030 $5,030

Common stock $9,970 $9,970

Retained earnings 3,390 2,810

Total stockholders' equity $13,360 $12,780

Total liabilities and stockholders' equity $22,990 $21,730

Depreciation expense $1,570

Earnings before interest and taxes (EBIT) 2,710

Interest expense 372

Net profits after taxes 1,847

Tax rate 21%

Operating Cash flow is $3711

I need the FREE CASH FLOW please. Show exact work so I can figure out how to do this. My calculations are not coming out right.

Free cash flow = Operating cash flow-Capital expenditure-dividend paid

= 3711-1410-1267

Free cash flow = 1034

Dividend paid = 2810+1847-3390 = 1267

Capital expense = 29490-28080 = 1410

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