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Problem 3-24 Free Cash Flow (LO3) The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. In 2022
Problem 3-24 Free Cash Flow (LO3) The following table shows an abbreviated income statement and balance sheet for Quick Burger Corporation for 2022. In 2022 Quick Burger had capital expenditures of $3,060. a. Calculate Quick Burger's free cash flow in 2022. (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 21%.) (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) c. What would the company's free cash flow have been if it was all-equity financed? (Do not round intermediate calculations. Enter your answer in millions rounded to the nearest whole number.)
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