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Calamari Corp. recently reported EBIT of $875,000 and depreciation expense of $120,000 on its Income Statement for the fiscal year ending on December 31, 2015.

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Calamari Corp. recently reported EBIT of $875,000 and depreciation expense of $120,000 on its Income Statement for the fiscal year ending on December 31, 2015. Calamari reported Net fixed assets of $1.54 million on its 2014 balance sheet and $1.725 million on its 2015 balance sheet. Net operating working capital decreased from $185,000 in 2014 to $172,500 in 2015 (based on the year-end balance sheet amounts). Calamari has a 40% corporate tax rate. What is the free cash flow for Calamari for the fiscal year ending on December 31, 2015? Select one: a. $352,500 b. $352,500 c. $352,500 d. $352,500 Atomic Fitness Corp. (AFC) recently reported net income of $39 million on revenue of $280 million on its most recent income statement. AFC also reported total assets of $400 million on its most recent balance sheet AFC has a debt-equity ratio of 1.0. What is the return on equity (ROE) for AFC? 51 Select one a. 24.00% b. 19.50% c. 16.60% d. 9.75% e. 14.80%

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