answer choice:

a) 1,423

b) 1,739

c) 1,467

d) 1,534

Assume the company generated $3,400 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020. 2020 2019 $1,634 $1,436 550 500 645 575 Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 Assets Liabilities and Equity Cash $1,026 $900 Accounts payable Short-term 90 100 Accruals Investments Notes Accounts Receivable 1,968 1,726 payable Total Current Inventories 4,971 4,367 Liabilities Total Current 8,055 7,093 Assets Long-term debt Net plant and 9.943 8.733 Total Liabilities equipment Common Total Assets $17,998 $15,826 stock Retained earnings Total common equity 2.829 2,511 2,173 2,815 5.002 5,326 2,400 2,500 10,595 8,000 12.995 10,500 Total liabilities and equity $17,998 $15,826