Problem 41 Intro Below is the balance sheet for Rumble Clock Inc. for December 31 of 2017 and 2018 2017 2018 2017 2018 950 1,000 Accounts payable 2,850 3,000 Accounts receivable 2.850 3.000 Current liabilities 2,850 3,000 2.850 3,000 Long-term debt 5.700 8,000 Current assets 6,650 7,000 Total liabilities8,550 9,000 10.450 11.000 19,000 20,000 Total liab. & equity 19,000 20,000 Cash Inventory Net fixed assets Total assets 12,350 13,000 Equity The income statement for 2018 is also given: Amount 48,000 28,400 Depreciation 7,200 14.400 4.800 Taxes (25%) 2400 Net income 7200 Sales Cost EBIT Interest B Attempt 1/10 for 12 pts Part 1 What was the free cash flow in 2018 7200 Try again Try againSee solution (2 pts)