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Topic 4: Accounting & Financial Ratios 1. Income Statements, Balance Sheets, and Free Cash Flow...

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Topic 4: Accounting & Financial Ratios 1. Income Statements, Balance Sheets, and Free Cash Flow You are given the following information about the great Viking Corporati (VC). . In 2015 VC bought a ship-building factory for $10,000 which is bei depreciated in a straight line over ten years. The marginal tax rate is 21%. Income Statement Year Sales Cost of goods sold SG&A cost 2017 2,000 600 200 2018 2,500 500 150 Balance Sheet (end of year) Year Accounts Receivable Accounts Payable Inventory 2017 400 300 0 2018 350 400 200 (a) Calculate the Free Cash Flow in 2018

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