Steeler Inc. has an Earnings Before Interest and Taxes (EBIT) of $600,000, Depreciation expense of $10,000, Current
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Question:
- Steeler Inc. has an Earnings Before Interest and Taxes (EBIT) of $600,000,
- Depreciation expense of $10,000,
- Current Asset of $1,600,000
- Current Liabilities of $1,450,000 in 2018.
- Similarly,
- In 2017 the Steeler Inc had Current Asset of $1,500,000
- Current Liabilities of $1,400,000.
- Investments in Land, and PP&E increased by 50% in 2018 from $150,000 in 2017.
- Tax rate for Steeler Inc is 21%.
- Required
- What is Steeler Inc's investment in Fixed Assets at the end of 2018?
- Compute the after-tax Operating Cash Flow to be used for Free Cash Flow for Steeler Inc. for the year of 2018
- What is the change in Net Working Capital of Steeler Inc. for the year of 2018
- Compute Free Cash Flow of Steeler Inc for the year of 2018
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