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A company had an after tax profit of $1,500,000. Its debt to equity ratio was 0.5. It had $200,000 in capital expenditures for the year
A company had an after tax profit of $1,500,000. Its debt to equity ratio was 0.5. It had $200,000 in capital expenditures for the year and a $100,000 increase in working capital. It had $250,000 in depreciation expenses. What is its free cash flow? Group of answer choices
$1,225,000
$1,400,000
$1,275,000
$1,150,000
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