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This year a firm had revenues of $10,000 and total expenses of $8,000. The firm also increased their inventory by $500, accounts receivable by $300
This year a firm had revenues of $10,000 and total expenses of $8,000. The firm also increased their inventory by $500, accounts receivable by $300 and accounts payable by $400.The firm also purchased a new $1,000 piece of machinery. The firm recorded $200 in depreciation and paid $200 in interest. The firms tax rate is 21%. What is the free cash flow for the firm?
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