. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019. Income statement for the period ended 12/31/19 Sales Less: Cost of goods sold Less: Depreciation Gross profit Less: S, G & A expenses Operating profit Less: Interest expense Profit before tax Less: Tax expense Net income $400 100 50 $31.05 $61.95 $87.95 250 10C 150 143 40 $103 Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital $25. What was Billie's Baubles' Free Cash Flow (FCF) for 2019?
. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019. Income statement for the period ended 12/31/19 Sales Less: Cost of goods sold Less: Depreciation Gross profit Less: S, G & A expenses Operating profit Less: Interest expense Profit before tax Less: Tax expense Net income $400 100 50 $31.05 $61.95 $87.95 250 10C 150 143 40 $103 Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital $25. What was Billie's Baubles' Free Cash Flow (FCF) for 2019?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019.
Income statement for the period ended 12/31/19
Sales
Less: Cost of goods sold
Less: Depreciation
Gross profit
Less: S, G & A expenses
Operating profit
Less: Interest expense
Profit before tax
Less: Tax expense
Net income
$400
100
50
250
100
150
$31.05
$61.95
$87.95
$92.50
7
143
40
$103
Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital was
$25.
What was Billie's Baubles' Free Cash Flow (FCF) for 2019?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc40dd494-f3ab-4d16-b957-08b6d80dd0ab%2Fe2f7467a-2878-4068-818d-afe2a3444afd%2Fwt38bqo_processed.png&w=3840&q=75)
Transcribed Image Text:. Presented below is the 2019 income statement for Billie's Baubles. The tax rate was 35% in 2019.
Income statement for the period ended 12/31/19
Sales
Less: Cost of goods sold
Less: Depreciation
Gross profit
Less: S, G & A expenses
Operating profit
Less: Interest expense
Profit before tax
Less: Tax expense
Net income
$400
100
50
250
100
150
$31.05
$61.95
$87.95
$92.50
7
143
40
$103
Assume that the change in capital expenditures for 2019 was $30 and the change in net working capital was
$25.
What was Billie's Baubles' Free Cash Flow (FCF) for 2019?
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