Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Excerpts from Riker, Inc's financial statement are presented below. What is the company's free cash flow for 2020 if its tax rate is 25%. All
Excerpts from Riker, Inc's financial statement are presented below. What is the company's free cash flow for 2020 | ||||||||||||
if its tax rate is 25%. All amounts are in millions of dollars. Do not round numbers in intermediate steps. Report answer to two decimal places. | ||||||||||||
2019 | 2020 | |||||||||||
REVENUE | 750.00 | 862.5 | ||||||||||
OPERATING EXPENSES | 650.00 | 750.00 | ||||||||||
DEPRECIATION | 20.00 | 22.50 | ||||||||||
OPERTING INCOME | 80.00 | 90.00 | ||||||||||
INTERST EXPENSE | 6.25 | 6.25 | ||||||||||
TAXABLE INCOME | 73.75 | 83.75 | ||||||||||
TAXES | 18.50 | 21.00 | ||||||||||
NET INCOME | 55.25 | 62.75 | ||||||||||
OTHER INFORMATION | ||||||||||||
MARKETAB SECURITIES | 25.00 | 31.25 | ||||||||||
NET OPERATING WORKING CAPITAL | 187.50 | 200.00 | ||||||||||
CAPITAL EXPENDITURES | 25.00 | 30.00 | ||||||||||
LONG TERM OPERAT LIABIL | 36.75 | 40.55 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started