Question
Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars). < Operating assets < Cash equivalent < Operating liabilities <
Below are summary numbers for 2020 and 2021 for S-Mart Ltd. (in million dollars). < Operating assets < Cash equivalent < Operating liabilities < Long-term debt financing < Operating income (after tax) < Net financial expense (after tax) < 2020 17,000 < 2021 < 19,000 < 400 < 510 < 3,880 4,050 < 4,374 < 5,496 2,200 < 6904 Calculate S-Mart's free cash flow in 2021 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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