Calculate free cash flow for 2021 for Monarch Textiles, Incorporated, based on the financial information that...
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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. Sales Cost of sales Income statement Operating expenses Depreciation Interest expense Earnings before taxes. Tax Net income Monarch Textiles, Incorporated ($ thousands) 2021 1,190 Current assets 718 Net fixed assets 106 Current liabilities 56 50 Selected balance sheet items 260 104 156 2020 330 112 215 2021 445 224 295 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. Sales Cost of sales Income statement Operating expenses Depreciation Interest expense Earnings before taxes. Tax Net income Monarch Textiles, Incorporated ($ thousands) 2021 1,190 Current assets 718 Net fixed assets 106 Current liabilities 56 50 Selected balance sheet items 260 104 156 2020 330 112 215 2021 445 224 295
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