Question
The Pitts Limited had EBITDA of $900 million in 2019. The depreciation amount for the period $300m. Firms increased investment in fixed assets by $400m
The Pitts Limited had EBITDA of $900 million in 2019. The depreciation amount for the period $300m. Firms increased investment in fixed assets by $400m from 2018. Firm’s overall investment in working capital at the beginning of 2019 was $100m and at the end the working capital investment amount $145m. If the tax rate is 40%, what is the level of FCFF?
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Essentials Of Business Analytics
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
1st Edition
128518727X, 978-1337360135, 978-1285187273
