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During the year ending 31 October 20X9, Evans plc has sales of 1,750,100 and an operating profit margin of 25%. Depreciation charged during the year
During the year ending 31 October 20X9, Evans plc has sales of 1,750,100 and an operating profit margin of 25%. Depreciation charged during the year amounted to 74,500. The rate of tax is 30% of operating profit. During the year 15,750 was invested in additional working capital and 80,000 in new non-current assets. Calculate the free cash flows generated during the year ending 31 October 20X9
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