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Using the data below, calculate after-tax operating profit (for 2021), capital expenditures (in 2021), change in net operating working capital (in 2021), and free cash

Using the data below, calculate after-tax operating profit (for 2021), capital expenditures (in 2021), change in net operating working capital (in 2021), and free cash flow (for 2021). 2021 2020 Cash 540 460 Accounts Receivable 100 80 Inventories 55 50 Accounts Payable 100 75 Accruals 45 55 Net Fixed Assets 135 117 All numbers in millions Additional Information: 2021 Depreciation Expense = $30 2021 EBIT = $560 Tax Rate = 25%

Calculate after-tax operating profit

Calculate change in net operating working capital

Calculate free cash flow

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