Question
1. Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $99 million and investment in operating capital of $194 million. Iron
1. Free Cash Flow Iron Ore Corp. reported free cash flows for 2008 of $99 million and investment in operating capital of $194 million. Iron Ore listed $44 million in depreciation expense and $46 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?
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Managerial Accounting for the Hospitality Industry
Authors: Lea R. Dopson, David K. Hayes
2nd edition
978-1-119-2996, 1119299659, 978-1119386223
