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New Inc. is a battery manufacturing firm. It has sales of $80.9 million. It has costs (not including depreciation or int
Posted: Tue Apr 26, 2022 10:45 am
by answerhappygod
- New Inc Is A Battery Manufacturing Firm It Has Sales Of 80 9 Million It Has Costs Not Including Depreciation Or Int 1 (68.47 KiB) Viewed 35 times
New Inc. is a battery manufacturing firm. It has sales of $80.9 million. It has costs (not including depreciation or interest expense) of $53.2 million. Depreciation expense was $5.7 million. Interest expense was $3.5 million. The corporate tax rate is 22%. Last year it had $52.5 million of total net operating capital. This year it has $60.3 million of total net operating capital. What is this year's free cash flow? $9,360,000 $17,160,000 $22,860,000 $15,060,000