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Eureka Natural Foods recently reported $777857 of sales, $272249.95 of operating costs other than depreciation, and $6111 of depreciation. The company had $92184 of outstanding
Eureka Natural Foods recently reported $777857 of sales, $272249.95 of operating costs other than depreciation, and $6111 of depreciation. The company had $92184 of outstanding bank loan that carry a 8.61% interest rate, and its federal- plus-state income tax rate was 20.84%. In order to sustain its operations and thus generate future sales and cash flows, the firm was required to spend $17112 to buy new fixed assets and to invest $7491 in net operating working capital. What was the firm's free cash flow (FCF)?
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