Sinaloa Appliance, Inc., a private firm that manufactures homeappliances, has hired you to estimate the company’s beta. You haveobtained the following equity betas for publicly traded firms thatalso manufacture home appliances.
ces Calculate free cash flow for 2017 for Monarch Textiles, Inc., based on the financial information that follows. Assume that all current liabilities are non-interest-bearing liabilities and that no fixed assets were sold or disposed of during 2017. (Round your answer to 1 decimal places.) Incone statement Sales Cost of sales Operating expenses Depreciation Interest expense Earnings before taxes 7Ax at income Free cash flow Monarch Textiles, Inc. 15 thousands) 2017 1,160 720 110 54 50 226.00 90.40 135.60 Selected balance sheet items Current assets et fixed assets Current liabilities 2016 320 108 210 2017 430 216 290
Sinaloa Appliance, Inc., a private firm that manufactures home appliances, has hired you to estimate the company’s beta.
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