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Finance Assignment | Top Essay Writing

Oak Industries had 2018 earnings before interest and taxes of 150 and a tax rate of 30%. Use the 2017 and 2018 year-end balance sheets below to determine Oak Industries 2018 free cash flow.

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Oak Industries year-end balance sheets: Get Finance homework help today

2017           2018

Assets:

Cash                                             10                10

Marketable Securities                  37                  6

Accounts receivable                   200              220

Inventories                                  300              330

Net plant and equipment             800              870

Total Assets                              1,347           1,436

Liabilities and Equity:

Accounts payable                         60                 89

Notes payable                               20                   9

Long-term bonds                        555               586

Equity                                         712                752

Total Liabilities and Equity     1,347             1,436

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