Question: Given the financial data below, determine the Free Cash Flow for 2015. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and
Given the financial data below, determine the Free Cash Flow for 2015. Income Statement (In Thousands) Sales Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earings before taxes Taxes (40%) Net income Common dividends 2015 $23,500.00 $14.100.00 $9.400.00 -$900.00 $8,500.00 $80.00 $8,420.00 -$3,368.00 $5,052.00 $1,462.00 2014 $20,000.00 $12,000.00 $8,000.00 $800.00 $7 200.00 -$160.00 $7,040.00 $2.816.00 $4.224.00 $2.112.00 2015 2014 Balance Sheet (In Thousands) Assets Cash and marketable securities Accounts receivable Inventories Total current assets Net fixed assets (PP&E) Total assets $1,700.00 $5,865.00 $7,050.00 $14,615.00 $9.000.00 $23,615.00 $1,000.00 $5,000.00 $6.000.00 $12,000.00 $8,000.00 $20,000.00 Liabilities and equity Accounts payable Notes payable Accruals Total current liabilities Long-term bonds Total liabilities Common stock (2 million shares) Retained earnings Total common equity Total liabilities and equity $6,500.00 $0.00 $3.525.00 $10,025.00 $1,000.00 $11,025.00 $6,000.00 $6,590.00 $12,590.00 $23.615.00 $6,000.00 $1,000.00 $3,000.00 $10,000.00 $1,000.00 $11,000.00 $6,000.00 $3,000.00 $9,000.00 $20.000.00
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