Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please do it in 25 minutes please urgently... I'll give you up thumb definitely Shrives Publishing recently reported $11,000 of sales, $5,500 of operating costs
please do it in 25 minutes please urgently... I'll give you up thumb definitely
Shrives Publishing recently reported $11,000 of sales, $5,500 of operating costs other than depreciation, and $1,000 of depreciation. The company had $3,500 of bonds (debt) that carry a 6.25% interest rate, and its tax rate was 25%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,455. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? (Round your intermediate and final answers to whole dollar amount.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started