please help, with steps for calculating. Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all currentliabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1decimal places.)Monarch Textiles, Inc. ($ thousands)Incone statementSelected balance sheet items201720163802017Sales1,340780140Current assetsNet fixed assetsCurrent liabilities520264Cost of salesOperating expensesDepreciationInterest expense132240320ook66runtseEarnings before taxesTaxNet income304.e0121.60erences182.40Free cash flow56 4

Free cash flow = Cash generated from operations - Capital expenditure incurred

Answered: free cash flow

Business

Accounting

free cash flow

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money

Section: Chapter Questions

Problem 9.3P

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Question

please help, with steps for calculating.

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.)
Monarch Textiles, Inc. ($ thousands)
Incone statement
Selected balance sheet items
2017
2016
380
2017
Sales
1,340
780
140
Current assets
Net fixed assets
Current liabilities
520
264
Cost of sales
Operating expenses
Depreciation
Interest expense
132
240
320
ook
66
runt
se
Earnings before taxes
Tax
Net income
304.e0
121.60
erences
182.40
Free cash flow
56 4

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