Question: Please help with this question All numbers are in million dollars Company X Balance Sheet 2020 2019 Company X Balance Sheet 2020 2019 Cash and
All numbers are in million dollars Company X Balance Sheet 2020 2019 Company X Balance Sheet 2020 2019 Cash and cash equivalents 2,768 2,879 Accounts payable 8,022 7251 Short-term investment sec. 954 1,029 Acerals 9,290 8,559 Accounts receivable 5,321 4,306 Notes Payables 9,981 8,472 Total inventories 7.379 6384 Long-tern debt 22,033 21,360 Other receivables 3.548 4.148 Other borowing 21.027 21,091 TOTAL CURRENT ASSETS 21,970 18,782 TOTAL LIABILITIES 70,353 66,733 Net Property Plants (Net PPE) 21,293 19,244 Common stock paid in Cap 58,134 58,134 Other long-term assets 95,091 90,146 Retained wings 9,867 3,305 TOTAL ASSETS 138,354 128,172 TOTAL LIAB & EQUITY 138,354 128,172 All numbers are in million dollars Company X Income Statement 2020 2019 NET SALES 82.559 78,938 Cost of products sold 40,768 37,919 Selling, general and administrative expense 23,135 21,890 Depreciation expense 2,838 3.108 OPERATING INCOME 15,818 16,021 weest expense 974 EARNINGS BEFORE INCOME TAXES 15,189 15,047 3,360 Income taxes 3,392 NET INCOME 11,797 11.687 Total Dividends Payments 5,233 3,186 Calculate the firm's free-cash-flow (FCF) during 2020 and carefully explain the meaning of the free cash flow you calculated to this company investors
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