Question: Please give me the correct answer, what is the free cash flow for 2018? 1 Free Cash Flows 2 (All dollar values are provided in
Please give me the correct answer, what is the free cash flow for 2018?




1 Free Cash Flows 2 (All dollar values are provided in millions 2018 4 Sales, ST Invest, Notes Pay, LT Debt factor increase 1.20 Operating costs as % of sales Cash factor increase 6 1.20 1.10 1.25 1.10 1.25 1.15 7 Accts. Rec factor increase Inventory factor increase 9 Net Plant & Equip factor increase 10 Accts Pay factor increase 11 Accruals factor increase 12 13 Depreciation as % of Net Plant & Equip 14 Interest rate 15 Tax rate 16 Payout rate 10.00% 10.00% 40.00% 90.00% 2017 Sales Cash as % of sales Accts Rec as % of sales Inventory as % of sales Net Plant & Equip as % of sales Accts Pay as % of sales Accruals as % of Sales $2,500 1.00% 14.00% 23.00% 2700% 8.00% 3.00% Operating cost as % of sales Depreciation as % of Net Plant & Equip Interest rate Tax rate Payout rate Short-term investments as % of sales Notes payable as % of sales Long-term debt as % of sales Retained earnings multiple factor 85.00% 10.00% 10.00% 40.00% 80.00% 2.00% 20.00% 1.50 2018 Income Statements: Sales Operating costs excluding depreciation Depreciation and amortization Earnings before interest and taxes 2017 $3,000.0 2,475.0 74.3 $450.8 64.5 $386.3 154.5 $231.8 $208.6 $2,500.0 2,125.0 67.5 $307.5 53.8 $253.8 101.5 $152.3 $121.8 Less interest Pre-tax income Taxes Net income available to common stockholders Common dividends 2018 Balance Sheets: Assets Cash Short-term investments Accounts receivable Inventories Total current assets Net plant and equipment Total assets 2017 $30.0 15.0 385.0 718.8 $1,148.8 742.5 $1,891.3 $25.0 12.5 350.0 575.0 $962.5 675.0 $1,637.5 Liabilities and Equity Accounts payable Accruals otes payable Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total common equity Total liabilities and equity $250.0 86.3 60.0 $396.3 600.0 $996.3 826.2 68.9 $895.0 $1,891.3 $200.0 75.0 50.0 $325.0 500.0 $825.0 766.8 45.7 $812.5 $1,637.5 Free cash flow2018
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