Question 5 0/1 pts Below is a (partial) copy of Eureka Computing's most recent income statement and balance sheet (all numbers in millions): Income Statement Current Year Sales 2,341 COGS 1,086 SG&A 287 Depreciation 261 Interest 131 Expense Tax Rate 25% Balance Sheet Current Prior Year Year Assets Cash 631 550 A/R 1,228 1,124 Inventory 870 860 Net 1,022 800 PP&E Liabilities A/P 644 614 Bonds 1,170 1,010 Payable What was Eureka Computing's free cash flows (in millions)? (Enter your answer in millions. i.e. 5.5 million, not 5,500,000) nswered 303.25

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
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Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.3C
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Question 5
0/1 pts
Below is a (partial) copy of Eureka Computing's most recent income statement
and balance sheet (all numbers in millions):
Income Statement
Current
Year
Sales
2,341
COGS
1,086
SG&A
287
Depreciation 261
Interest
131
Expense
Tax Rate
25%
Balance Sheet
Current Prior
Year Year
Assets
Cash
631
550
A/R
1,228 1,124
Inventory 870
860
Net
1,022 800
PP&E
Liabilities
A/P
644
614
Bonds
1,170 1,010
Payable
What was Eureka Computing's free cash flows (in millions)?
(Enter your answer in millions. i.e. 5.5 million, not 5,500,000)
nswered
303.25
Transcribed Image Text:Question 5 0/1 pts Below is a (partial) copy of Eureka Computing's most recent income statement and balance sheet (all numbers in millions): Income Statement Current Year Sales 2,341 COGS 1,086 SG&A 287 Depreciation 261 Interest 131 Expense Tax Rate 25% Balance Sheet Current Prior Year Year Assets Cash 631 550 A/R 1,228 1,124 Inventory 870 860 Net 1,022 800 PP&E Liabilities A/P 644 614 Bonds 1,170 1,010 Payable What was Eureka Computing's free cash flows (in millions)? (Enter your answer in millions. i.e. 5.5 million, not 5,500,000) nswered 303.25
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