Given the information below, determine the free cash flow for 2014.Income Statement (In Thousands)SalesOperating costsEBITDADepreciationEarnings before interest and taxesInterest (8%)Earnings before taxesTaxes (40%)Net incomeCommon dividends20142013$24,800.00$22,000.00$14,880.00 $13,200.00$9,920.00 $8,800.00-$920.00$800.00$9,000.00 $8,000.00-$112.00-$160.00$8,888.00 $7,840.00-$3,555.20 -$3,136.00$5,332.80 $4,704.00$2,082.00 $2,352.00 Balance Sheet (In Thousands)Assets:Cash and marketable securitiesAccounts receivableInventoriesTotal current assetsNet fixed assets (PP&E)Total assetsLiabilities and equity.Accounts payableNotes payableAccrualsTotal current liabilitiesLong-term bondsTotal liabilitiesCommon stock (2 million shares)Retained earningsTotal common equityTotal liabilities and equityO $2,939O $2,368O $2,749O $3.028O $2,86820142013$1,200.00$1,000.00$5,565.00$5,000.00$7,440.00 $6,000.00$14,205.00 $12,000.00$9,200.00$8,000.00$23,405.00 $20,000.00$6,500.00 $6,000.00$400.00 $1,000.00$3,254.20 $3,000.00$10,154.20 $10,000.00$1,000.00 $1,000.00$11,154.20 $11,000.00$6,000.00 $6,000.00$6,250.80 $3,000.00$12.250.80 $9,000.00$23.405.00 $20.000.00

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Description: Given the information below, determine the free cash flow for 2014.Income Statement (In Thousands)SalesOperating costsEBITDADepreciationEarnings before interest and taxesInterest (8%)Earnings before taxesTaxes (40%)Net incomeCommon dividends20142013

Free cash flow for the firm refers to the money that the company generates throughout the period…

Business

Finance

Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands) 2014 2013 Sales $24,800.00 $22,000.00 $14,880.00 $13,200.00 $9,920.00 $8,800.00 -$920.00 -$800.00 $9,000.00 $8,000.00 -$112.00 -$160.00 Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends $8,888.00 $7,840.00 -$3,555.20 -$3,136.00 $5,332.80 $4,704.00 $2,082.00 $2,352.00

Given the information below, determine the free cash flow for 2014. Income Statement (In Thousands) 2014 2013 Sales $24,800.00 $22,000.00 $14,880.00 $13,200.00 $9,920.00 $8,800.00 -$920.00 -$800.00 $9,000.00 $8,000.00 -$112.00 -$160.00 Operating costs EBITDA Depreciation Earnings before interest and taxes Interest (8%) Earnings before taxes Taxes (40%) Net income Common dividends $8,888.00 $7,840.00 -$3,555.20 -$3,136.00 $5,332.80 $4,704.00 $2,082.00 $2,352.00

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 7P

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