Question
Vasudevan Inc. recently reported an EBIT of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed
Vasudevan Inc. recently reported an EBIT of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and change in net operating working capital totaled $0.6 million. How much was its free cash flow?
$1.93M
$2.03M
$2.14M
$2.25M
$2.36M
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Capital Markets Institutions Instruments And Risk Management
Authors: Frank J. Fabozzi
5th Edition
0262029480, 9780262029483
