Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Question (13 marks) Below are summary numbers for 2018 and 2019 for Apex Ltd. (in million dollars). 2019 2018 Operating assets 18,057.0 16,796.2 Operating liabilities
Question (13 marks)
Below are summary numbers for 2018 and 2019 for Apex Ltd. (in million dollars).
2019
2018
Operating assets
18,057.0
16,796.2
Operating liabilities
6,011.8
5,927.2
Financial assets
382.7
270.8
Financial liabilities
6,496.4
4,395.4
Operating income (after tax)
2,740.1
Net financial expense (after tax)
147.1
Required:
Calculate Apex's free cash flow in 2019 using both Method 1 and Method 2.
(Hint:Method 1 focuses on the source of free cash flow; Method 2 focuses on the disposition of free cash flow)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started