Given the following Year 12 Financial Statement data for a footwear company:

Income Statement Data

Year 12 (in 000s)

Net Revenues from Footwear Sales $ 350,000

Operating Profit (Loss) 100,000

Net Profit (Loss) $ 63,000

Cash on Hand 10,000

Total Current Assets $ 70,000

Total Assets 313,000

Overdraft Loan Payable 5,000

1-Year Bank Loan Payable 10,000

Current Portion of Long-term Loans 17,000

Total Current Liabilities 48,000

Long-Term Bank Loans Outstanding 90,000

YEAR 11

Common Stock 10,000

Additional Capital 123,000

Retained Earnings 29,000

Total Shareholder Equity 162,000

YEAR 12 Change

Common Stock 0

Additional Capital 0

Retained Earnings 13000

Total Shareholder Equity +13000

YEAR 12 Balance

Common Stock 10,000

Additional Capital 123,000

Retained Earnings 42000

Total Shareholder Equity 175000

Based on the above figures the company's "free cash flow in Year 12 was

$63,000.

($3,350)

$59,650.

74650

Reference: BSG Quiz 2 Sample