Question
Hartzell Inc. had the following data for 2018, in millions : Net income = $600; after-tax operating income [EBIT (1-T)] = $700; and Total assets
Hartzell Inc. had the following data for 2018, in millions: Net income = $600; after-tax operating income [EBIT (1-T)] = $700; and Total assets = $2000. Information for 2019 is as follows: Net income = $825; after-tax operating income [EBIT (1-T)] = $1450; and Total assets = $2500. Assume the firm had no excess cash. How much free cash flow did the firm generate during 2019?
A) $1159
B) $1131
C) $884
D) $1150
E) $950
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
2nd edition
1111824401, 978-1111824402
