Question: please help! Have submitted to chegg already and received incorrect answer Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial

please help! Have submitted to chegg already and received incorrect answer

please help! Have submitted to chegg already and received incorrect answer Calculate

Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 decimal places.) Income statement Monarch Textiles, Inc. ($ thousands) Selected balance sheet items 2017 2016 1,250 Current assets 350 750 Net fixed assets 120 125 Current liabilities 225 60 50 265.00 106.00 159.00 2017 475 240 305 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Free cash flow

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