The following 2 years of financial information are for Sebring Corporation. SEBRING CORPORATION: INCOME STATEMENTS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2005 2004 Sales $3,600.0 $3,000.0 Operating costs (excluding depreciation and amortization) 3,060.0 2,550.0 EBITDA $ 540.0 $ 450.0 Depreciation and amortization 90.0 75.0 Earnings before interest and taxes $ 450.0 $ 375.0 Interest 65.0 60.0 Earnings before taxes $ 385.0 $ 315.0 Taxes (40%) 154.0 126.0 Net income available to common stockholders $ 231.0 $ 189.0 Common dividends $ 181.5 $ 13.2 SEBRING CORPORATION: BALANCE SHEETS FOR YEAR ENDING DECEMBER 31 (MILLIONS OF DOLLARS) 2005 2004 Assets: Cash and marketable securities $ 36.0 $ 30.0 Accounts receivable 540.0 450.0 Inventories 540.0 600.0 Total current assets $1,116.0 $1,080.0 Net plant and equipment 900.0 750.0 Total assets $2,016.0 $1,830.0 Liabilities and equity: Accounts payable $ 324.0 $ 270.0 Notes payable 201.0 155.0 Accruals 216.0 180.0 Total current liabilities $ 741.0 $ 605.0 Long-term bonds 450.0 450.0 Total debt $1,191.0 $1,055.0 Common stock (50 million shares) 150.0 150.0 Retained earnings 675.0 625.0 Total common equity $ 825.0 $ 775.0 Total liabilities and equity $2,016.0 $1,830.0 What is Sebring's free cash flow for 2005
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The following 2 years of financial information are for Sebring Corporation. SEBRING CORPORATION: INC...
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