Babes Batting Cages projects the following income statement for 2018: Sales $ 241,745 Operating costs excl.depr. &
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Question:
Sales $ 241,745
Operating costs excl.depr. & amort. 140,212
EBITDA 101,533
Depr. & Amort. 16,000
EBIT 85,533
Interest 2,200
EBT 83,333
Taxes (40%) 33,333
Net Income $ 50,000
2018 Balance Sheet Assumptions:
Accounts receivable increase by $5,000
Inventory decreases by $2,000
Accounts payable increase by $2,000
Accruals increase by $1,000
Net fixed assets increase by $20,000
Notes payable increase by $2,500
Long-term debt increases by $20,000
Retained earnings increase by $40,000
Create a cash flow statement for 2018 through the net change in cash. (Show your work)
What is the Free Cash Flow for 2018? (Show your work)
Related Book For
Financial Accounting An Integrated Statements Approach
ISBN: 978-0324312119
2nd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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