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Problem 3 - 2 4 Free Cash Flow ( LO 3 ) The following table shows an abbreviated income statement and balance sheet for Quick
Problem Free Cash Flow LO
The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for
In Quick Burger had capital expenditures of $
a Calculate Quick Burger's free cash flow in Enter your answer in millions.
b If Quick Burger was financed entirely by equity, how much more tax would the company have paid? Assume a tax rate of Do
not round intermediate calculations. Enter your answer in millions rounded to decimal places.
c What would the company's free cash flow have been if it was allequity financed? Do not round intermediate calculations. Enter
your answer in millions rounded to the nearest whole number.
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