WK 10 Problem 9-2

Problem 9-2 Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 decimal places.) Income statement Monarch Textiles, Inc. ($ thousands) Selected balance sheet items 2017 2016 1,400 Current assets 400 800 Net fixed assets 140 150 Current liabilities 250 70 50 330.00 132.00 198.00 2017 550 280 330 Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes Tax Net income Free cash flow