Question: Presented below are financial statements for Compulsive Ltd. These include the 2024 forecasts for both the income statement balance sheet and the most recent

Presented below are financial statements for Compulsive Ltd. These include the 2024

Presented below are financial statements for Compulsive Ltd. These include the 2024 forecasts for both the income statement balance sheet and the most recent 2023 actuals for the balance sheet. The company has no excess cash or short-term debt. Income statement Operating revenue Operating expenses Depreciation EBIT Interest expense Pre-tax profit Forecast 2024 600 -490 -48 62 -6 56 Tax expense at 30% Net profit after tax Balance sheet Current assets -16.8 39.2 Net property, plant and equipment Total assets Current liabilities Long-term debt Actual 2023 Total liabilities Share capital Retained earnings Total equity What is the forecasted 2024 free cash flow to the firm for Compulsive Ltd? 160 200 360 60 100 160 100 100 200 Forecast 2024 140 272 412 80 106 186 100 126 226

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