Question: Comparative financial statement data for Carmono Company follow: This Year Last Year Assets Cash $ 7.00 $ 13.00 Accounts receivable 48.00 41.00 Inventory 90.00 76.60

Comparative financial statement data for Carmono Company follow:

This Year

Last Year

Assets

Cash

$ 7.00

$ 13.00

Accounts receivable

48.00

41.00

Inventory

90.00

76.60

Total current assets

145.00

130.60

Property, plant, and equipment

228.00

192.00

Less accumulated depreciation

44.80

33.60

Net property, plant, and equipment

183.20

158.40

Total assets

$ 328.20

$ 289.00

Liabilities and Stockholders Equity

Accounts payable

$ 54.00

$ 45.00

Common stock

114.00

88.00

Retained earnings

160.20

156.00

Total liabilities and stockholders equity

$ 328.20

$ 289.00

For this year, the company reported net income as follows:

Sales

$ 800.00

Cost of goods sold

480.00

Gross margin

320.00

Selling and administrative expenses

300.00

Net income

$ 20.00

This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.

What are the cash dividends paid?

What is the free cash flow?

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