Essay
Below is a recent income statement for Gatlin Camera:
Calculate Gatlin's free cash flow in this year assuming it spent $510 on new capital equipment and increased current assets net of noninterest-bearing current liabilities $340.Free cash flow = EBIT(1 - Tax rate)+ Depreciation - Fixed investment - Working capital investment.
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EBIT = Income before tax + In...View Answer
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Correct Answer:
Verified
EBIT = Income before tax + In...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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