What is Computron's free cash flow (FCF)? What are Computron's "net uses" of its FCF? Calculate Computron's return on invested capital (ROIC). Computron has a 10% cost of capital (WACC). What caused the decline in the ROIC? Was it due to operating profitability or capital utilization? Do you think Computron's growth added value? CHAPTER 6 Other Data Stock price Shares outstanding Common dividends Tax rate Weighted average cost of capital (WACC) Statement of Cash Flows Operating Activities Net Income before preferred dividends Noncash adjustments Depreciation and amortization Due to changes in working capital Change in accounts receivable Change in inventories Change in accounts payable Change in accruals Net cash provided by operating activities Investing activities Cash used to acquire fixed assets Change in short-term investments Net cash provided by investing activities Financing Activities Change in notes payable Change in long-term debt Payment of cash dividends Net cash provided by financing activities Net change in cash and equivalents Cash and securities at beginning of the year Cash and securities at end of the year 2020100$9025%10.00%2021$30.00100$8425%10.00% 2021 \$ 264 320 (120) (200) 100 40 $404 \$ (920) 90 $(830) $200 300 (84) \$ 416 \$ (10) 60$50