If a manufacturing firm and a service firm have identical cash fixed costs, but the manufacturing firm

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If a manufacturing firm and a service firm have identical cash fixed costs, but the manufacturing firm has much higher depreciation and amortization, then which firm is more likely to have a large discrepancy between its FCF and its EBIT?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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