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Watson Oil recently reported ( in millions ) $ 8 , 2 5 0 of sales, $ 5 , 7 5 0 of operating costs
Watson Oil recently reported in millions $ of sales, $ of operating costs other than depreciation, and $ of depreciation. The company had $ of outstanding bonds that carry a interest rate, and its federalplusstate income tax rate was In order to sustain its operations and thus generate future sales and cash flows, the firm was required to make $ of capital expenditures on new fixed assets and to invest $ in net operating working capital. By how much did the firm's net income exceed its free cash flow? Do not round the intermediate calculations.
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