Use the following income statements and balance sheets to calculate Garnet Inc.’s free cash flow for 2011. Round your answer to the nearest cent….

Use the following income statements and balance sheets to calculate Garnet Inc.’s free cash flow for 2011. Round your answer to the nearest cent. Garnet Inc. 2010 $500.00 380 25 $405.00 95 21 $74.00 25.2 48.8 2010 Assets $27.00 66 80 106 $279.00 265 $544.00 Liabilities and Equity $52.00 130 28 $210.00 164 100 70 $170.00 $544.00

Garnet Inc.’s Free Cash Flow for 2011 EBITNOPATAdd: Depreciation ExpenseLess: Capital ExpenditureLess: Working Capital InvestmentFREE CASH FLOW 201110050.83016262.8 20109548.825