Instructions:

Determine the free cash flow for 2020

Presented below is a condensed version of the comparative statements of financial position for BMW Company for the last 2 years at December 31 (amounts in millions). 2020 2019 Assets Investments Equipment Less: Accumulated depreciation-equipment Accounts receivable Cash Total 234,000 1,341,000 (477,000) 810,000 706,500 2,614,500 333,000 1,080,000 1400,500) 832,500 351,000 2,196,000 Equity and Liabilities Share capital-ordinary Retained earnings Current liabilities Total 720,000 1,291,500 603,000 2,614,500 720,000 796,500 679,500 2,196,000 Additional information: Net income was 2,160,000. Investments were sold for a price of 67,500 (at a loss of 31,500). No equipment was sold. Cash dividends paid were 225,000