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Sherburne Co. information of its Income statement of 2020 includes the following. Sales - $300000, CGS - $100000, S & A exp - $60000
Sherburne Co. information of its Income statement of 2020 includes the following. Sales - $300000, CGS - $100000, S & A exp - $60000 (which includes Depreciation expense of $10000), Tax rate 20%, Change in WC (A/R- Increase of 50000; Inventory - Decrease of $40000; A/P - Increase of 30,000) and Capital expenditure - $60,000 Required: a) Calculate the FCF of Sherburne Corporation? b) Calculate the Cash Conversion Ratio (CCR)?
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To calculate the Free Cash Flow FCF and Cash Conversion Ratio CCR for Sherburne Co well use the foll...
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
