Question
Tater and Pepper Corp. reported free cash flows for 2021 of $47.1 million and investment in operating capital of $30.1 million. Tater and Pepper incurred
Tater and Pepper Corp. reported free cash flows for 2021 of $47.1 million and investment in operating capital of $30.1 million. Tater and Pepper incurred $14.4 million in depreciation expense and paid $30.5 million in taxes on EBIT in 2021.
Calculate Tater and Peppers 2021 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.)
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Financial Management For Decision Making
Authors: Harold Jr. Bierman, Seymour Smidt
1st Edition
1587982129, 9781587982125
