Question
Vasudevan Inc. recently reported operating income of $4.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed
Vasudevan Inc. recently reported operating income of $4.80 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million. How much was its free cash flow, in millions?
| a. | $2.68 | |
| b. | $4.28 | |
| c. | $3.48 | |
| d. | $3.38 | |
| e. | $3.17 |
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Dividend Policy On Share Price Volatility In Indian Stock Market
Authors: Vijay Deswal
1st Edition
3841859623, 978-3841859624
