Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars). 2020 2021 Operating assets 17,000 19,0

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Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in
million dollars).
2020
2021
Operating assets
17,000
19,000
Cash equivalent
400
510
Operating liabilities
3,880
4,050
Long-term debt financing
4,374
5,496
Operating income (after tax)
2,200
Net financial expense (after tax)
690
Calculate S-Mart’s free cash flow in 2021 using both Method 1
and Method 2.
(Hint: Method 1 focuses on the source of free cash
flow; Method 2 focuses on the disposition of free cash flow.)