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A corporation had sales of $10,000 in 2020. The cost of goods sold was $6,500, general and administrative expenses were $1,000, and interest expenses were
A corporation had sales of $10,000 in 2020. The cost of goods sold was $6,500, general and administrative expenses were $1,000, and interest expenses were 00. Non-cash net working capital increased $200 and capital expenditures were $900. Total depreciation expense was $1,000. The firms tax rate was 35%. Given the above information, what was the firms cash flow from assets (or free cash flow)? A. $650. B. $550. C. $450. D. $525. E. None of the above.
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