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Ryder Systems Inc. reported sales of $555 and operating expenses of $246 over 2023. The company had a $3 expenditure 12 years ago that was
Ryder Systems Inc. reported sales of $555 and operating expenses of $246 over 2023. The company had a $3 expenditure 12 years ago that was depreciated to zero over 4 years. Ryder currently has current assets of $67.09 and current liabilities of $55.17, at the beginning of 2023 they had current assets and liabilities of $80.44 and $69.87 respectively. Find Ryders free cash flows for 2023 if their tax rate is 33.64%
The answer given is 203.7, I'm just not sure how to get there.
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