2. Below are reformulated balance sheet and income statement of a company (no financial liabilities). Complete the reformulated financial statements by filling in the missing numbers. What is the free cash flows in 2021 and 2022 respectively? Total Operating Assets Total Operating Liabilities Total Financing Assets Shareholders' Equity: 2020 19,000 2021 2022 20,500 22,000 2,100 2,300 1700 12,400 14,800 15,500 Operating income (after tax) 2021 2022 1,400 2,100 Net financing income (after tax) Comprehensive Income $1,100 $1,700

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 6MC: Selected information from Brook Corporations accounting records and financial statements for 2019...
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2. Below are reformulated balance sheet and income statement of a company (no
financial liabilities). Complete the reformulated financial statements by filling in the missing
numbers. What is the free cash flows in 2021 and 2022 respectively?
Total Operating Assets
Total Operating Liabilities
Total Financing Assets
Shareholders' Equity:
2020
19,000
2021
2022
20,500
22,000
2,100
2,300
1700
12,400
14,800
15,500
Operating income (after tax)
2021
2022
1,400
2,100
Net financing income (after tax)
Comprehensive Income
$1,100
$1,700
Transcribed Image Text:2. Below are reformulated balance sheet and income statement of a company (no financial liabilities). Complete the reformulated financial statements by filling in the missing numbers. What is the free cash flows in 2021 and 2022 respectively? Total Operating Assets Total Operating Liabilities Total Financing Assets Shareholders' Equity: 2020 19,000 2021 2022 20,500 22,000 2,100 2,300 1700 12,400 14,800 15,500 Operating income (after tax) 2021 2022 1,400 2,100 Net financing income (after tax) Comprehensive Income $1,100 $1,700
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