Question $3$

$2$ Use the provided information to compute the average free$-$cash$-$flows from $2021$ to $2024.$

$\backslash$table$[[,,,,,],[$Year$,2020,2021,2022,2023,2024],[,,,,,]]$

Average FCF

Balance sheet information

$\backslash$table$[[$Current assets Cash,$$,69\mathrm{.}00,$$$,43\mathrm{.}00,$$$,30\mathrm{.}00,$$$,38\mathrm{.}00,$$$,32\mathrm{.}00],[$Accounts receivable,$$,40\mathrm{.}00,$$$,37\mathrm{.}00,$$$,49\mathrm{.}00,$$$,55\mathrm{.}00,$$$,54\mathrm{.}00],[$Inventory$,$$$,26\mathrm{.}00,$$$,20\mathrm{.}00,$$$,26\mathrm{.}00,$$$,25\mathrm{.}00,$$$,28\mathrm{.}00],[$Total current assets,$$,135\mathrm{.}00,$$$,100\mathrm{.}00,$$$,105\mathrm{.}00,$$$,118\mathrm{.}00,$$$,114\mathrm{.}00],[$Current liabilities,,,,,,,,,,$],[$Accounts payable,$$,23\mathrm{.}00,$$$,17\mathrm{.}00,$$$,26\mathrm{.}00,$$$,31\mathrm{.}00,$$$,17\mathrm{.}00],[$Current portion of long$-$term debt,$$,55\mathrm{.}00,$$$,20\mathrm{.}00,$$$,19\mathrm{.}00,$$$,30\mathrm{.}00,$$$,31\mathrm{.}00],[$Short$-$term debt,$$,11\mathrm{.}00,$$$,39\mathrm{.}00,$$$,26\mathrm{.}00,$$$,29\mathrm{.}00,$$$,15\mathrm{.}00],[$Total current liabilities,$$,89\mathrm{.}00,$$$,76\mathrm{.}00,$$$,71\mathrm{.}00,$$$,90\mathrm{.}00,$$$,63\mathrm{.}00],[$Cash flow statement information,,,,,,,,,,$],[$Capital expenditures,$$,39\mathrm{.}00,$$$,31\mathrm{.}00,$$$,48\mathrm{.}00,$$$,40\mathrm{.}00,$$$,32\mathrm{.}00]]$