QUESTION 22

1. Using the information above:

   1) Calculate the Operating Cash Flow in 2018.

   2) Calculate change in Net Working Capital.

   3) Calculate the firm's Free Cash Flow.

QUESTION 22 $ millions Cash Accts Receivable Inventory Current Assets 2017 68 89 105 262 2018 72 Accts Payable 80] Current Liabs 1601 312) Debt 2017 142 142 140 2018 180 Revenues 180 Costs Depreciation 97 EBIT Interest 108 Taxes 4320 Net Income 540 Dividends 817 Retained Earnings 2018 500 244 26 230 14 76 140 30 110 Net Fixed Assets 450 505 Common & paid in Retained Earnings Equity 817) L+E 108 322 430 712 Assets 712 Using the information above 1) Calculate the Operating Cash Flow in 2018. 2) Calculate change in Net Working Capital. 3) Calculate the firm's Free Cash Flow