Question: also compute for 1. Net Operating Working Capital for 19x1 2. Total Operating Capital for 19x1 3. Free Cash Flow for 19x2 3. Financial statements
also compute for
1. Net Operating Working Capital for 19x1
2. Total Operating Capital for 19x1
3. Free Cash Flow for 19x2
3. Financial statements for the Sennet Corporation follows: Sennet Corporation Balance Sheet, December 31 (in millions) Assets Liabilities and Equity Cash Accounts Receivable Inventories Current Assets Net Plant Total Assets 19x1 $4 $7 $12 $23 $40 $63 19x2 $5 $10 $15 Expenses Cost of Goods Sold Selling, General and Administrative Depreciation Interest Net Income Before Taxes Less: Taxes $30 $40 $70 Notes Payable Accounts Payable Accrued Wages Accrued Taxes Current Liabilities Long-Term Debt Common Stock Retained Earnings Total Liabilities and Equity Sennet Corporation Income Statement, 19x2 (in millions) Net Sales $50 $15 $3 $2 19x1 $5 $8 $2 85828 $3 $18 $20 $10 $15 $63 19x2 $5 $10 $3 $2 $20 $20 $10 $20 $70 Net Income a. Prepare a source and use of funds statement for Sennet (cash basis). b. Prepare a source and use of funds statement for Sennet (working capital basis). $95 $70 $25 $10 $15
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