Question
You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that
You are considering an investment in the FIN340 Company and want to evaluate the firm's free cash flow; From the income statement, you see that FIN340 Company earned an EBIT of $5,400,000, paid taxes of $1,020,600, and its depreciation expense was $270,000; FIN340 Company's gross fixed assets increased by $1,725,000 from 2017 to 2018. The firm's current assets increased by $2,015,000 and spontaneous current liabilities increased by $342,000 - What is FIN340 Company's free cash flow in 2018?"""
"$1,251,400 " | ||
"$27,400 " | ||
"$981,400 " | ||
"$4,379,400 " | ||
"$4,649,400 " | ||
"$711,400 " |
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