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What was firm X's FCF this year given it spent 510,000 on new equipment, its inventory and accounts receivable rose by 130,000 and 110,000 respectively,
What was firm X's FCF this year given it spent 510,000 on new equipment, its inventory and accounts receivable rose by 130,000 and 110,000 respectively, its accounts payable dropped by 100,000 and that its income statement was as follows. Its tax rate is 34%. Net sales Cost of sales 8,000,000 3,900,000 800,000 Depreciation Selling and admin. expenses Interest expense 930,000 570,000 612,000 Tax Income after tax 1,188,000
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