Question
Electric Marbles expects next year's earnings before interests and taxes (EBIT) to be $850,000 and depreciation to be $120,000. It estimates net working capital to
Electric Marbles expects next year's earnings before interests and taxes (EBIT) to be $850,000 and depreciation to be $120,000. It estimates net working capital to increase by $15,000 and net capital spending to total $28,000. Electric Marbles has a 20 percent tax rate. Compute the cash flows from assets for next year.
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Applied Quantitative Finance
Authors: Härdle
3rd Edition
3662544857, 978-3662544853
