Business, 26.01.2022 07:40 erykaa

At year-end 2002, Yung. com had notes payable of $1200, accounts payable of $2400, and long-term debt of $3000. Corresponding entries for 2003 are $1600, $2000, and $2800. Asset values are below. During 2003, Yung. com had sales of $1200, cost of goods sold of $400, depreciation of $100, and interest paid of $150. If the (average) tax rate is 34% and all taxes are paid currently. Compute the Free Cash Flow for Yung. com in 2003. Current Asset 2002 2003
Cash $800 $500
Marketable securities 400 300
Accounts receivable 900 800
Inventory 1800 2000
Fixed Assets
Net Fixed Asset $6000 $6100
(Plant&Equipment)

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At year-end 2002, Yung. com had notes payable of $1200, accounts payable of $2400, and long-term deb...

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