Question
A company reports EBIT of $92m, D&A of $20m, capital expenditure of $24m and an increase in net working capital of $8m. The corporate tax
A company reports EBIT of $92m, D&A of $20m, capital expenditure of $24m and an increase in net working capital of $8m. The corporate tax rate is 30%. What is the company's free cash flow (to one decimal place) using the approximation method?
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
