Calculate Company A's free cash flow (FCF) of 2021 based on the information below. Income Statements...
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Calculate Company A's free cash flow (FCF) of 2021 based on the information below. Income Statements - USD ($) in Millions Net sales Cost of products sold Marketing and selling expenses Other expenses Earnings before interest and taxes Interest expense (net) Earnings before taxes Taxes on earnings (25%) Net earnings Consolidated Balance Sheets - USD ($) in Millions Cash Short-term investments Accounts receivable, net Inventories Total current assets Net fixed assets Total assets Short-term borrowings Payable to suppliers and others Accrued liabilities Total current liabilities Long-term debt Other liabilities Total liabilities Common stocks Retained Earnings Treasury stock, at cost Total equity Total liabilities and equity 2021 $ 8,476 5,665 817 449 1,545 209 1,336 334 1,002 2021 $ 69 98 2020 8,691 5,692 947 945 1,107 341 766 192 575 2020 $ 859 80 575 871 2,385 9,987 595 933 1,695 10,039 11,734 48 1,070 696 1,814 5,010 1,756 8,580 9,803 426 406 3,742 3,190 (1,014) (1,027) 3,154 2,569 $11,734 $12,372 12,372 1,202 1,049 824 3,075 4,994 1,734 Calculate Company A's free cash flow (FCF) of 2021 based on the information below. Income Statements - USD ($) in Millions Net sales Cost of products sold Marketing and selling expenses Other expenses Earnings before interest and taxes Interest expense (net) Earnings before taxes Taxes on earnings (25%) Net earnings Consolidated Balance Sheets - USD ($) in Millions Cash Short-term investments Accounts receivable, net Inventories Total current assets Net fixed assets Total assets Short-term borrowings Payable to suppliers and others Accrued liabilities Total current liabilities Long-term debt Other liabilities Total liabilities Common stocks Retained Earnings Treasury stock, at cost Total equity Total liabilities and equity 2021 $ 8,476 5,665 817 449 1,545 209 1,336 334 1,002 2021 $ 69 98 2020 8,691 5,692 947 945 1,107 341 766 192 575 2020 $ 859 80 575 871 2,385 9,987 595 933 1,695 10,039 11,734 48 1,070 696 1,814 5,010 1,756 8,580 9,803 426 406 3,742 3,190 (1,014) (1,027) 3,154 2,569 $11,734 $12,372 12,372 1,202 1,049 824 3,075 4,994 1,734
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Calculate Company As free cash flow FCF for 2021 Cash flows from operating activit... View the full answer
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0133400694
1st canadian edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford, David A. Stangeland, Andras Marosi
Posted Date:
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