Question
Below are summary numbers for 2019 and 2020 for Super Mart Ltd. (in million dollars). 2019 2020 Operating assets 17,796 19,057 Operating liabilities 3,927 4,011
Below are summary numbers for 2019 and 2020 for Super Mart Ltd. (in million dollars).
2019
2020
Operating assets
17,796
19,057
Operating liabilities
3,927
4,011
Financial assets
372
490
Financial liabilities
4,374
5,496
Operating income (after tax)2020
2,185
Net financial expense (after tax)2020
490
Required:
Calculate Super Mart's free cash flow in 2020 using both Method 1 and Method 2.
(Hint: Method 1 focuses on the source of free cash flow; Method 2 focuses on the disposition of free cash flow.)
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
