Question: FIN301 Chap3 Activities V2 (1) Protected View Saved to this PC References Mailings Review View Help ontain viruses. Unless you need to edit, it's

FIN301 Chap3 Activities V2 (1) Protected View Saved to this PC References Mailings Review View Help ontain viruses. Unless you need to edit, it's safer to stay in Protected View, Enable Editing A DAV98 Tom is a newly hired financial manager for MM Steel Corporation. His boss Kin, the CFO of the company, wants him to review the company's last two years' financial records and assess the business's performance using its free cash flow measure. Tom is required to not only calculate the company's free cash flow value at the end of 2020, he also needs to present the result and explain it on the company's upcoming shareholder's meeting. You are asked to help Tom to complete this task Below are MM Steel Corporation last two years' financial statements. Balance Sheet 31-Dec-20. 31-Dec-19 Assets Current Assets Cash 970,000 750,000 Short Term Investments (Excess Cash) 145.000 234,000 Account Receivables 2,425,000 1.875.000 Inventory 2.175,000 3,510 000 Total Current Assets 5.715,000 6,369.000 Fixed Assets Long Term Investments 2.000.000 1.500.000 Property Plant and Equipment 15.000.000 11,250,000 32 for

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