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Steeler Inc. has an Earnings Before Interest and Taxes (EBIT) of $600,000, Depreciation expense of $10,000, Current Asset of $1,600,000 Current Liabilities of $1,450,000 in

  1. Steeler Inc. has an Earnings Before Interest and Taxes (EBIT) of $600,000, 
  2. Depreciation expense of $10,000, 
  3. Current Asset of $1,600,000 
  4. Current Liabilities of $1,450,000 in 2018. 

  5. Similarly,

  6. In 2017 the Steeler Inc had Current Asset of $1,500,000 
  7. Current Liabilities of $1,400,000. 
  8. Investments in Land, and PP&E increased by 50% in 2018 from $150,000 in 2017.
  9. Tax rate for Steeler Inc is 21%.

  10. Required
  11. What is Steeler Inc's investment in Fixed Assets at the end of 2018?
  12. Compute the after-tax Operating Cash Flow to be used for Free Cash Flow for Steeler Inc. for the year of 2018
  13. What is the change in Net Working Capital of Steeler Inc. for the year of 2018
  14. Compute Free Cash Flow of Steeler Inc for the year of 2018

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