Question
TSW Inc. had the following data for last year: Net income = $850; Net operating profit after taxes (NOPAT) = 900; Total assets = $2,800;
TSW Inc. had the following data for last year: Net income = $850; Net operating profit after taxes (NOPAT) = 900; Total assets = $2,800; and Total operating capital = $2,500.
Information for the just-completed year is as follows: Net income = $1,150; Net operating profit after taxes (NOPAT) = $906; Total assets = $2,450; and Total operating capital = $2,800.
How much free cash flow did the firm generate during the just-completed year?
(Round your answer to 2 decimal places.)
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Fundamentals Of Corporate Finance MyLab Finance Student Acccess Combo Card
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0136714811, 978-0136714811
