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Calculate free cash flow income statement

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Question 1: Calculate free cash flow income statement 2017 sales 1640 cost of sales 880  for 2017 for Monarch Textiles inc. Based on the financial information that follows. Assume all current liabilities are non-interest-bearing and that no fixed assets were sold or disposed of during 2017

operating expenses 190

depreciation 86

interest expense 50

earnings before taxes 434

tax 173.6

net income 260.4

selected balance sheet items

                                         2016                 2017

current assets               480                670

net fixed assets          172                   344

current liabilities           290                  370

Reference no: EM132645267

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