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Free Cash Flow Catering Corp. reported free cash flows for 2008 of $8.12 million and investment in operating capital of $2.12 million. Catering listed $0.97
Free Cash Flow Catering Corp. reported free cash flows for 2008 of $8.12 million and investment in operating capital of $2.12 million. Catering listed $0.97 million in depreciation expense and $2.12 million in taxes on its 2008 income statement. What was Catering's 2008 EBIT?
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A) $11.39 million
B) $13.33 million
C) $7.15 million
D) $10.24 million
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