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ABC Company had the following data for the last year (dollars in thousands): Net income - $700; EBIT =$1,200, Total assets - $3,500, and Total
ABC Company had the following data for the last year (dollars in thousands): Net income - $700; EBIT =$1,200, Total assets - $3,500, and Total operating capital = $2,100. Information for the current year is as follows. Net income =$800 - EBIT $1,503; Total assets =$3,800; and Total operating capital $2,502. The cornparry 5 federal and state tax rate is 35%. How much free cash flow did the firm generate during the current yoar? Round your answer to the nearest dollar. (Hint: FCF NOPAT - Net Investment in Operating Capital) $580 5575 $566 5560 5571 ABC Company had the following data for the last year (dollars in thousands): Net income - $700; EBIT =$1,200, Total assets - $3,500, and Total operating capital = $2,100. Information for the current year is as follows. Net income =$800 - EBIT $1,503; Total assets =$3,800; and Total operating capital $2,502. The cornparry 5 federal and state tax rate is 35%. How much free cash flow did the firm generate during the current yoar? Round your answer to the nearest dollar. (Hint: FCF NOPAT - Net Investment in Operating Capital) $580 5575 $566 5560 5571
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