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Solve free cash flow income statement

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Reference no: EM132645703

Question 1: Calculate free cash flow income statement 2017 sales 1640 cost of sales 880  for 2017 for Monarch Textiles inc. Based on the financial information that follows. Assume all current liabilities are non-interest-bearing and that no fixed assets were sold or disposed of during 2017

operating expenses 190

depreciation 86

interest expense 50

earnings before taxes 434

tax 173.6

net income 260.4

selected balance sheet items

                                     2016                    2017

current assets           480                    670

net fixed assets        172                        344

current liabilities        290                         370

Reference no: EM132645703

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