Question: 10points eBook Print References Check my workCheck My Work button is now enabled Item 1 Calculate free cash flow for 2017 for Monarch Textiles, Inc.,

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Calculate free cash flow for 2017 for Monarch Textiles, Inc., 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 2017. (Round your answer to 1 decimal places.)

Monarch Textiles, Inc. ($ thousands)
Income statement		Selected balance sheet items
	2017		2016	2017
Sales	1,430	Current assets	410	565
Cost of sales	810	Net fixed assets	144	288
Operating expenses	155	Current liabilities	255	335
Depreciation	72
Interest expense	50
Earnings before taxes	343.00
Tax	137.20
Net income	205.80

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