The above exhibits present the recent income statement and balance sheet of NBC Corporation. In general,...

  

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The above exhibits present the recent income statement and balance sheet of NBC Corporation. In general, the cash needed for NBC's operations is about 3 percent of revenue. Revenues in 2014 = $967 million. Assume operating tax rate is 30%. Please use relevant information from these financial statements to calculate: a. Total funds invested in 2015 b. Free cash flow in 2015 Income Statement S million Revenues Cost of goods sold Selling, General & Admin Depreciation Interest expense Nonoperating income Earnings before taxes Taxes Net Income 2015 1392.0 (522.0) (261.0) (110.2) (133.4) 17.4 382.8 127.6 255.2 Balance sheet S million Assets Cash Inventory Accounts receivable Current assets Net PP&E Equity investments Total assets Liabilities and equity Account payable Short-term debt Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 2014 29.0 153.0 50.0 232.0 1740.0 580.0 2552.0 87.0 1299.2 1386.2 464.0 377.0 324.8 2552.0 2015 70.0 200.0 61.0 331.0 1798.0 580.0 2709.0 116.0 1235.4 1351.4 464.0 377.0 516.6 2709.0 The above exhibits present the recent income statement and balance sheet of NBC Corporation. In general, the cash needed for NBC's operations is about 3 percent of revenue. Revenues in 2014 = $967 million. Assume operating tax rate is 30%. Please use relevant information from these financial statements to calculate: a. Total funds invested in 2015 b. Free cash flow in 2015 Income Statement S million Revenues Cost of goods sold Selling, General & Admin Depreciation Interest expense Nonoperating income Earnings before taxes Taxes Net Income 2015 1392.0 (522.0) (261.0) (110.2) (133.4) 17.4 382.8 127.6 255.2 Balance sheet S million Assets Cash Inventory Accounts receivable Current assets Net PP&E Equity investments Total assets Liabilities and equity Account payable Short-term debt Current liabilities Long-term debt Common stock Retained earnings Total liabilities and equity 2014 29.0 153.0 50.0 232.0 1740.0 580.0 2552.0 87.0 1299.2 1386.2 464.0 377.0 324.8 2552.0 2015 70.0 200.0 61.0 331.0 1798.0 580.0 2709.0 116.0 1235.4 1351.4 464.0 377.0 516.6 2709.0

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a Total Funds Invested in 2015 Total Assets in 2015 2709 million Total Current Liabilities in 2015 1... View the full answer