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Given the following information about XYZ Company Calculate the free cash flow in 2020? Year 2019 Year 2020 Revenue 3,800 4,500 Cost of sales -2,000

Given the following information about XYZ Company

Calculate the free cash flow in 2020?

Year 2019 Year 2020
Revenue 3,800 4,500
Cost of sales -2,000 -2,200
Gross profit 1,800 2,300
Selling expenses -175 -200
Admin expenses -365 -440
Depreciation and Amortisation -660 -700
Profit before Interest and Tax 600 960
Interest expense -20 -40
Profit before Tax 580 920
Tax expense -145 -230
Net Income/Profit After Tax 435 690
Capex 400 500
Operating working capital 500 570
Taxation rate 25% 25%

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