Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Free Cash Flow The following information is derived from recent financial statements of BizInc Corp.: EBIT for 2014 was $348, and Depreciation Expense for 2014
Free Cash Flow The following information is derived from recent financial statements of BizInc Corp.: EBIT for 2014 was $348, and Depreciation Expense for 2014 was $22. The firm's tax rate is 26%. Net Operating Working Capital (NOWC) for end of year 2013 was $23, and NOWC for end of year 2014 was $78. Net fixed assets for EOY 2013 were $174 and they were $351 for EOY 2014. All dollar figures for this question are in $Millions -- you should disregard units in all figures, including your response. The Free Cash Flow for 2014 was $ _________(million). Margin of error for correct responses: +/- $.02 million). Rounding and Formatting instructions: Do not enter dollar signs or commas in your response. Do not round any intermediate work. Your final* response should be rounded to 2 decimal places (example: if your answer is $12.346 million, you should enter 12.35). If your answer is NEGATIVE, it should be preceded with a negative sign. Do not enter "million" or the extra zeros
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