Question
A firm reports net income of 200 and 300 in years 2018 and 2019. In the same years. The firm reported accounts payable of 50
A firm reports net income of 200 and 300 in years 2018 and 2019. In the same years. The firm reported accounts payable of 50 and 200, respectively. Assuming capital expenditures is equal to depreciation and no other changes in working capital in both years, what was the free cash flow of the firm in 2019
- 300
- 500
- 450
- 150
- 100
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
