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Top in the Sky (TIS) Company reported the following items in its financial statements. Sales = $5.5 million. COGS = $2 million. Operating expenses =
Top in the Sky (TIS) Company reported the following items in its financial statements. Sales = $5.5 million. COGS = $2 million. Operating expenses = $1.5 million. Changes in net working capital = -0.2 million. Interest expense = $0.5 million. Capital expenditure = $1 million. Depreciation expense = $0.3 million. What is TIS company's free cash flow if the tax rate is 30%?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
