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You review the financial statements for Sparky Inc. For 2020, you know that they have Sales of $19.3 M, Costs of $11 M, Depreciation of
You review the financial statements for Sparky Inc. For 2020, you know that they have Sales of $19.3 M, Costs of $11 M, Depreciation of $2.3 M, and a tax rate of 11%. They also had capex of $3.4 M in 2020. Finally, you know that their net working capital in 2020 was $15 M and their net working capital in 2019 was $13 M. What was Sparky Incs FCF in 2020? (Answer in millions. Ex For $2,300,000 put 2.3)
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