Question
Problem 2-14 Free Cash Flow (LG2-5) Tater and Pepper Corp. reported free cash flows for 2021 of $52.1 million and investment in operating capital of
Problem 2-14 Free Cash Flow (LG2-5)
Tater and Pepper Corp. reported free cash flows for 2021 of $52.1 million and investment in operating capital of $35.1 million. Tater and Pepper incurred $14.9 million in depreciation expense and paid $25.5 million in taxes on EBIT in 2021.
Calculate Tater and Peppers 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)
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Financial Markets And Institutions
Authors: Jeff Madura
13th Edition
0357130790, 978-0357130797
