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Vasudevan Inc. recently reported operating income of $5.60 million, depreciation of $1.40 million, and had a tax rate of 25%. The firm's expenditures on fixed
Vasudevan Inc. recently reported operating income of $5.60 million, depreciation of $1.40 million, and had a tax rate of 25%. The firm's expenditures on fixed assets and net operating working capital totaled $0.60 million. How much was its free cash flow, in millions? a. $6.400 O b. $5.600 c. $7.000 d. $6.200 e. $5.000
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Principles Of Financial And Managerial Accounting
Authors: James Don Edwards, Roger H. Hermanson
1st Edition
0256130000, 978-0256130003
