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Abbreviated financial statements are given for Fletcher Corporation in the following table: 2 0 1 9 2 0 2 0 Revenues $ 6 0 0
Abbreviated financial statements are given for Fletcher Corporation in the following table:
Revenues $ $
Operating expenses
Depreciation
Earnings before interest and taxes
Less Interest Expense
Less: Taxes
Equals: Net income
Addendum:
Yearend working capital
Principal repayment
Capital expenditures
Yearend working capital in was $ million and the firms marginal tax rate is in both and Estimate the following for and :
a Free cash flow to equity.
b Free cash flow to the firm.
Please provide detailed explanation
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