The following is for a firm that has net debt on its balance sheet (in millions of

Question:

The following is for a firm that has net debt on its (in millions of dollars).

Common shareholders' equity, December 31, 2007 ... 174.8
Common dividends, paid December 2008 ........ 8.3
Issue of common shares, December 2008 ....... 34.4
Common shareholders' equity, December 31, 2008 ... 226.2
Net debt, December 31, 2007 ............ 54.3
Net debt, December 31, 2008 ........... 37.4

There were no share repurchases during 2008. The firm reported net interest after tax of $4 million on its income statement for 2008, and this interest was paid in cash.
Calculate the firm’s for 2008.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...