Question

Melp Save & Exit Submit Rebecky's Flowers 4U, Inc., had free cash flows during 2018 of $54 million, NOPAT of $104 million, and depreciation of $26 million Using this information, calculate the missing amounts on Rebecky's balance sheet below. (Enter your answers in millions of dollars.) Assets 2018 2017 Current assets: $ REBECKY'S FLOWERS 4U, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 391 $ 36 Accrued wagos and taxes 102 92) Accounts payable 122) Notes payable $ 283 $ 250 Total Long-term debt 580 $ 530 Stockholders' equity 06 401 Preferred stock (6 million shares) $ 514 S 490 Common stock and paid in surplus (40 milion shares) 60 Bol Rotained oamings 574 $ 550 Total 142) Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Grosd plant and equipment Loss: Depreciation Not plant and equipment Other long-term assets Total 75 s $ 6 . .

Answer 1

Let Accounts payable be X.

Free Cash flow= NOPAT+ Depreciation-Capital expenditure-Changes in Working Capital

54= 104+26-(514-490)-(283-22-75-x)

54= 130-24-(186-X)

54=106-186+X

54=X-80

X=134

So Accounts payable is $134 & balancing figure of $ 87 is the long term debt.