Question
Netflix recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets
Netflix recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled $0.75 million. How much was its free cash flow, in millions?
| $2.14 | ||
| $2.10 | ||
| $1.93 | ||
| $2.36 | ||
| $2.03 |
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Fundamentals Of Institutional Asset Management
Authors: Frank J Fabozzi, Francesco A Fabozzi
1st Edition
9811220034, 9789811220036
