Question
Hartzell Inc. had the following data for 2013, in millions: net income = $600; after-tax operating income [EBIT(1 T)] = $700; and total assets =
Hartzell Inc. had the following data for 2013, in millions: net income = $600; after-tax operating income [EBIT(1 T)] = $700; and total assets = $2,000.
Information for 2014 is as follows: net income = $825; after-tax operating income [EBIT(1 T)] = $925; and total assets = $2,500.
How much free cash flow (FCF) did the firm generate during 2014?
a. $383
b. $425
c. $468
d. $514
e. $566
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International Finance
Authors: Keith Pilbeam
4th Edition
0230362893, 978-0230362895
