Balance sheet at the end of operation

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Reference no: EM131449021

Tiles Limited had the following balance sheet at the end of operation for 2015 and 2016 respectively TILES LTD as at Dec. 2015 as at Dec. 2016 Cash 24,000 Current Liabilities 30,000 Cash 87,000 Current Liabilities 30,000 Other Current assets 51,000 LT - Notes Payable 33,000 Other Current assets 51,000 LT - NotesPayable 39,000 Total current assets 75,000 Bonds 40,000 Total current assets 138,000 Bonds 42,000 Investments 40,000 Common Stock 150,000 Investments 20,000 Common Stock 170,000 Fixed assets (net) 125,000 Retained Earnings 49,000 Fixed assets (net) 107,000 Retained Earnings 76,000 Land 62,000 302,000 Land 92,000 357,000 302,000 357,000 For the period ending 2016, Net Income, Interest and taxes were $42,000, $10,000 and $25,000 respectively. Depreciation Expense was $18,000. Determine Tiles Ltd's FCF for 2016.

Reference no: EM131449021

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