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Tiles Limited had the following balance sheet at the end of operation for 2015 and 2016 respectively
TILES LTD as at Dec. 2015 as at Dec. 2016
Cash
24,000
Current Liabilities
30,000
87,000
Other Current assets
51,000
LT - Notes Payable
33,000
LT - NotesPayable
39,000
Total current assets
75,000
Bonds
40,000
138,000
42,000
Investments
Common Stock
150,000
20,000
170,000
Fixed assets (net)
125,000
Retained Earnings
49,000
107,000
76,000
Land
62,000
302,000
92,000
357,000
For the period ending 2016, Net Income, Interest and taxes were $42,000, $10,000 and $25,000 respectively.
Depreciation Expense was $18,000. Determine Tiles Ltd's FCF for 2016.
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