PLEASE SOLVE #1. PLEASE SHOE ALL WORK.

1. FCF = [EBIT(1 T) + Depreciation &Amorzation] [Capital Expenditures + ANOWC] = [EBIT(1 T) + Depreciation & Amoritzation] [(Current Gross FA Past Gross FA) + Current(CA EC - CL + NP) - Past(CA EC - CL + NP)] Balance Sheet: Assets Balance Sheet: Liabilities and Equity Accts payable Accruals Notes payable Total CL Long-term debt Common stock Retained earnings Total Equity Total L & E 2014 524,160 489,600 636,808 1,650,568 723,432 460,000 32,592 492,592 2.866.592 2013 145,600 136,000 200,000 481,600 323,432 460,000 203,768 663,768 1.468.800 Cash A/R Inventories Total CA Gross FA Less: Dep. Net FA Total Assets 2014 7,282 632,160 1,287,360 1,926,802 1,202,950 263,160 939,790 2.866,592 2013 57,600 351,200 715,200 1,124,000 491,000 146,200 344,800 1,468,800 3-6 2015 Cengage learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part. 3-5 2015 Cengage learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part. Other Data Income Statement 2014 $6,034,000 5,528,000 519,988 2013 $3,432,000 2,864,000 358,672 Sales COGS (cost of goods sold) Other expenses Total oper. costs excl. deprec. & amort. Depreciation and amortization EBIT Interest expense EBT Taxes Net income No. of shares EPS DPS Stock price Lease pmts 2014 100,000 -$1.602 $0.11 $2.25 $40,000 2013 100,000 $0.88 $0.22 $8.50 $40,000 $6,047,988 116,960 ($ 130,948) 136,012 ($ 266,960) (106,784) $ 160,176 $3,222,672 18,900 $ 190,428 43,828 $ 146,600 58,640 $ 87,960 2015 Conge Learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part. 2015 Congage learning. All Rights Reserved. May not be scanned, copied, or duplicated, or posted to a publicly accessible website, in whole or in part