Question
BubbaHo-Tep Company reported net income of $310 million for the most recent fiscal year. The firm had depreciation expenses of $100 million and capital expenditures
BubbaHo-Tep Company reported net income of $310 million for the most recent fiscal year. The firm had depreciation expenses of $100 million and capital expenditures of $155 million. Although it had no interestexpense, the firm did have an increase in net working capital of $30 million. What is BubbaHo-Tep's free cashflow?
A.
$225 million
B.
$285 million
C.
$25 million
D.
$595 million
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Financial accounting
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
8th Edition
9780135114933, 136108865, 978-0136108863
