[Solved] Assignment 219330

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Assignment Details

Subject: Business    / Finance
Question
2 Calculate free cash flow for 2014 for Monarch Textiles, Inc., based on the financial
information below. Assume that all current liabilities are non-interest-bearing
liabilities and that no fixed assets were sold or disposed of during 2014. Monarch Textiles, Inc.(Thousands)
Income statement Selected balanced sheet items
2014 Sales
Cost of sales
Operating Expenses
Depreciation
Interest expense
Earnings before taxes
Tax
Net Income 1100
700
100
50
50
200
80
120 2013 2014 Current Asset
Net Fixed Assets 300
100 400
200 Current Liabilities 200 280How should I solve this problem?it`s about Free Cash Flow calculation.FCF = EBIT(1-Tax rate)+Depreciation-Capital Expenditure- Working Capital Investiture

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