- Use The Following Balance Sheets And Income Statement To Answer This Question Tilly S Inc S Million 2021 2022 2021 20 1 (155.62 KiB) Viewed 36 times
work as well as explainations.
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Use the following balance sheets and income statement to answer this question Tilly's Inc. (S Million) 2021 2022 2021 2022 Cash and equivalents 364,246 96,095 Account payable 103,852 159,420 Account receivables 460,540 620,489 Accrued liabilities 192,898 176,615 Inventories 74,262 96,332 Deferred revenues 115,000 40,000 Prepaid expense 57,265 82,312 Notes payables 4,979 5,129 Total current assets 956,313 895,228 Total current liabilities 416,729 381,164 Long-term securities investments 347,924 451,144 Long-term debt 235,000 195,000 Net property plant 3,677,070 4,351,571 Other long-term financing 1,082,115 1,309,923 Brands, royalty, patents 22,584 23,142 Common stock 10,724 10,760 Total assets 5,003,891 5,721,085 Paid in capital 210,909 236,240 Retained earnings 2,954,210 3,505,295 Other equity investment 98,908 166,807 Tilly's Inc. (S Million) 2021 2022 Treasury stock -4.704 -84,104 Total net sales 2,543,894 3,151,802 Total equity 3,270,047 3,834,998 Operating cost 1,432,602 1,750,510 Total liabilities and equity 5,003,891 5,721,085 Depreciation expense 315,468 387,549 Research and development expense 15,764 16,060 General admin expense 77,549 88,084 Operating income 702,511 909,599 Interest income 1,911 1,634 Interest expense -17,355 -8,653 Income before income tax 687,067 902,580 Income tax provision 252,399 328,971 Net income 434,668 573,609 Dividend payments 21,402 22,524 Calculate Tilly's free-cash-flow (FCF) during 2022 using Five-Steps of calculating free cash flow from Income Statement and Balance Sheets and carefully explain the meaning of the free cash flow you have calculated to the Tilly's investors.