Assume the company generated $3,300 in net operating profits after taxes. Using the information below,...
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Assume the company generated $3,300 in net operating profits after taxes. Using the information below, calculate the free cash flow for 2020 2020 2019 $1,263 550 $1,148 500 645 575 2,458 2.223 Balance Sheet as of December 31 (Millions of Dollars) 2020 2019 Assets Liabilities and Equity Cash $990 $900 Accounts payable Short-term Investments 90 100 Accruals Accounts Receivable 2,007 1,825 Notes payable Inventories 4,803 4,367 Total Current Liabilities Total Current Assets 7.890 7.191 Long-term debt Net plant and equipment 9,607 8,733 Total Liabilities Total Assets $17.497 $15.925 Common stock Retained earnings Total common equity Total liabilities and equity 2,147 4,606 2,400 10,491 12,891 3,202 5,425 2,500 8,000 10,500 $15.925 $17.497 $1,782 O 51.882 $1.856 51.745
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