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QUESTION 7 You review the financial statements for Sparky Inc. For 2020, you know that they have Sales of $20.1 M, Costs of $11 M,
QUESTION 7 You review the financial statements for Sparky Inc. For 2020, you know that they have Sales of $20.1 M, Costs of $11 M, Depreciation of $2.5 M, and a tax rate of 12%. They also had capex of $2.5 M in 2020. Finally, you know that their net working capital in 2020 was $15 M and their net working capital in 2019 was $13 M. What was Sparky Inc's FCF in 2020? (Answer in millions. Ex For $2,300,000 put 2.3)
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