Question
Zerog Corp. had EBIT of $450 million in 2001. It had interest expense of $30 million and a tax rate of 40%. Balance sheet data
Zerog Corp. had EBIT of $450 million in 2001. It had interest expense of $30 million and a tax rate of 40%. Balance sheet data are given below in millions of dollars.
2000 2001
Cash 50 60
A/R 150 180
Inventories 300 360
Total CA 500 600
Net FA 1000 1200
Total assets 1500 1800
A/P and accruals 100 120
Debt 300 350
Common stock 600 600
Retained Earnings 500 730
Total Liab.& Equity 1500 1800
What is the FCF for the year 2001?
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Foundations In Personal Finance
Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
