Question
Below is a (partial) copy of New Jersey Tool's most recent income statement and balance sheet (all numbers are in millions): Income Statement Current Year
Below is a (partial) copy of New Jersey Tool's most recent income statement and balance sheet (all numbers are in millions): Income Statement Current Year Sales 2,232 COGS 1,164 SG&A 259 Depreciation 447 Interest Expense 164 Tax Rate 23% Balance Sheet Current Year Prior Year Assets Cash 614 681 A/R 1,291 1,104 Inventory 932 853 Net PP&E 1,007 878 Liabilities A/P 613 608 Bonds Payable 1,203 1,159 What was New Jersey Tool's free cash flows (in millions)?
Below is a (partial) copy of Eureka Computing's most recent income statement and balance sheet (all numbers in millions): Income Statement Current Year Sales 2,420 COGS 1,050 SG&A 299 Depreciation 443 Interest Expense 126 Tax Rate 22% Balance Sheet Current Year Prior Year Assets Cash 572 505 A/R 1,259 1,191 Inventory 906 898 Net PP&E 1,003 867 Liabilities A/P 624 638 Bonds Payable 1,058 1,176 What was Eureka Computing's free cash flows (in millions)?
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