Question
In 2020, Innovative Gears Corp. has FCFF of $240. The interest expense for the year is $30. Tax rate is 21%. The company's Balance Sheet
In 2020, Innovative Gears Corp. has FCFF of $240. The interest expense for the year is $30. Tax rate is 21%. The company's Balance Sheet shows the following information on debt:
| 2020 | 2019 | |
| Short-term Debt | 200 | 150 |
| Long-term Debt | 430 | 380 |
| Total | 630 | 530 |
What is the firm's FCFE for 2020?
| $336.3 | |
|
| $276.3 |
|
| $376.3 |
|
| $316.3 |
|
| $226.3 |
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The Boundaries In Financial And Non-Financial Reporting A Comparative Analysis Of Their Constitutive Role
Authors: Laura Girella
1st Edition
1138586900, 9781138586901
