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You are a financial analyst who needs to calculate the free cash flow of Tantamont2Kaos Inc. You extract the following information in millions of dollars
You are a financial analyst who needs to calculate the free cash flow of Tantamont2Kaos Inc. You extract the following information in millions of dollars from the financial statements where the first and second numbers refer to the year 2021 and 2022 respectively: Balance sheet: - Cash: 19.1 and 21.5 - Marketable securities: 5.1 and 4.2 - Inventories: 25.2 and 27.3 - Accounts receivables: 4.6 and 6.0 - Fixed assets: 350.1 and 330.6 - Accounts payable: 12.0 and 9.5 - Loan portion due - less than 12 months: 20.0 and 23.3 - Loan portion due - greater than 12 months: 200.6 and 180.3 Profit and Loss statement: - Cash sales revenue: 30.1 and 42.9 - Credit sales revenue: 200.1 and 244.7 - Expenses paid in cash: 34.3 and 35.6 - Expenses paid on credit: 130.2 and 169.3 - Depreciation and amortization expenses: 5.4 and 7.4 If the marginal tax rate of Tantamont2Kaos is 32.1%, 1) What is EBIT in 2022? (Give answer to 2 decimal places) 2) What is change in net working capital required to calculate free cash flow in 2022 ? (Give answer to 2 decimal places) 3) What the free cash flow in 2022 ? (Give answer to 2 decimal places)
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