CALCULATE THE OPERATING CASH FLOW AND FREE CASH FLOW FOR THE FIRM IN 2021. PLEASE HELP THANK YOU.
KIDDY KAR DRIVING SCHOOL
BALANCE SHEET (IN MILLIONS)
KIDDY KAR DRIVING SCHOOL
2021
2020
2021 INCOME STATEMENT IN MILLIONS
ASSETS:
CASH
54
48
Revenues
1,350.00
Marketable Securities 40.50
36
Less: COGS
1,012.50
Accounts Receivable 243
216
Gross Profit
337.50
Inventories
162
144
Less: Operating Expenses
138.75
Total Current Assets
499.50
444.00
Less: Depreciation
30.00
Fixed Assets
607.50
540
Profit Before Taxes Less: Taxes (28%)
168.75
47.25
TOTAL ASSETS
1.107.00
984.00
Net Profit After Taxes
121.50
Less: Cash Dividend
52.00
LIABILITIES:
Accounts Payable
175.50
156.00 15.00 171.00 300.00
40 Million Shares Outstanding
Accrued Taxes
16.87 192.37 300.00
Stock Price = $42.53
Current Liabilities
Long Term Debt
Common Equity
225.00
225.00
Retained Earnings
389.63
288.00
TOTAL LIABILITIES
& EQUITY
1,107.00
984.00