Calculate free cash flow for for monarch textiles

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Problem

Calculate free cash flow for 2021 for Monarch Textiles, Incorporated, based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2021. Monarch Textiles, Incorporated ($ thousands) Income statement Get the instant assignment help. Selected balance sheet items 2021 2020 2021 Sales 1,400 Current assets 400 550 Cost of sales 760 Net fixed assets 140 280 Operating expenses 120 Current liabilities 250 330 Depreciation 70 Interest expense 50 Earnings before taxes 400 Tax 160 Net income 240 Note: Round your answer to the 1000s place.

Reference no: EM133926766

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