11 Woytek, Inc. had sales for 2020 of $240,000, and EBITDA was 24% of sales. Furthermore,...

 

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11 Woytek, Inc. had sales for 2020 of $240,000, and EBITDA was 24% of sales. Furthermore, depreciation was $6,500, interest was $3,000, the corporate tax rate was 21%, and the company pays 15% of its net income as dividends. Given this information and the balance sheets below. calculate the free cash flow for 2020. 57600 a. $26,569 b. $18,569 c. $21.569 d. $24,569 SBITDA: 57600 e. None of the above is within $10 of the correct answer. Cash Accounts Receivable Inventories Total current assets FIF: EBIT(1-7)+D-/A Net FA+ D) - 2010 (1-31)16500 (7000 +6500)-11200+400-lea) Net fixed assets Total Assets Accounts Payable Accruals tuok +.24 Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2020 45,300 35,000 45,500 125,800 87,000 212,800 Caracter) -5600 48100 2019 45,000 30,000 39,000 114,000 80,000 194,000 27,000 23,000 6,000 7,000 23,000 18,500 56,000 48,500 24,000 28,000 80,000 76,500 52,800 40,500 80,000 77,000 132,800 117,500 212,800 194,000 11 Woytek, Inc. had sales for 2020 of $240,000, and EBITDA was 24% of sales. Furthermore, depreciation was $6,500, interest was $3,000, the corporate tax rate was 21%, and the company pays 15% of its net income as dividends. Given this information and the balance sheets below. calculate the free cash flow for 2020. 57600 a. $26,569 b. $18,569 c. $21.569 d. $24,569 SBITDA: 57600 e. None of the above is within $10 of the correct answer. Cash Accounts Receivable Inventories Total current assets FIF: EBIT(1-7)+D-/A Net FA+ D) - 2010 (1-31)16500 (7000 +6500)-11200+400-lea) Net fixed assets Total Assets Accounts Payable Accruals tuok +.24 Notes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity 2020 45,300 35,000 45,500 125,800 87,000 212,800 Caracter) -5600 48100 2019 45,000 30,000 39,000 114,000 80,000 194,000 27,000 23,000 6,000 7,000 23,000 18,500 56,000 48,500 24,000 28,000 80,000 76,500 52,800 40,500 80,000 77,000 132,800 117,500 212,800 194,000

Answer rating: 100% (QA)

To calculate the free cash flow for 2020 we need to follow the given information and use the formula ... View the full answer