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problem: Use the following income statements & balance sheets to compute garnets Inc free cash flow for 2008.

Garnet Inc

 

 

 

2008

2007

income statement

 

 

net sales

$530

500

cost s

40

380

depreciation

30

25

total operating costs

430

405

earning before interest and taxes

100

95

less interest

23

21

earning before taxes

77

74

taxes(40%)

30.8

29.6

net income

46.2

44.4

balance sheet

 

 

assets

 

 

cash

28

27

marketable securities

69

66

accounts receivable

81

80

inventories

112

106

total current assets

293

279

net plant and equipment

281

265

total assets

574

544

liabilities and equity

 

 

accounts  payable

56

52

notes payable

138

130

accruals

28

28

total current liabilities

222

210

long term bonds

173

164

common stock

100

100

retained earning

79

70

common equity

179

170

total liabilities and equity

574

544

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M917307

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