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Excerpts from Riker, Inc.s financial statements are presented below. What is the companys free cash flow for 2020 if its tax rate is 25%? All

Excerpts from Riker, Inc.s financial statements are presented below. What is the companys 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 your answer in millions of dollars to two decimal places.

2019

2020

Revenues

750.00

862.50

Operating expenses

650.00

750.00

Depreciation

20.00

22.50

Operating income

80.00

90.00

Interest expense

6.25

6.25

Taxable income

73.75

83.75

Taxes

18.50

21.00

Net income

55.25

62.75

Other information:

Marketable securities

25.00

31.25

Net operating working capital

187.50

200.00

Capital expenditures

25.00

30.00

Long-term operating liabilities

35.75

40.55

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