Question
A firm's earnings before interest and taxes is $124611, the depreciation expense is $17446, the firm spent $16199 on capital expenditures and $7477 on interest.
A firm's earnings before interest and taxes is $124611, the depreciation expense is $17446, the firm spent $16199 on capital expenditures and $7477 on interest. Last year's net working capital was $14953, and the NWC now is $16747. The firm's debt last year was $6231, and it is now $6543. The firm has a total of 7000 shares outstanding, and a tax rate of 35%. What is the firm's PER SHARE free cash flow to equity holders?
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
