The 2006 and 2007 income statements and balance sheets of Omega International, Inc.
are provided below: Assume that the change in the gross plant, property, and equipment account
represents the capital expenditures of the firm in 2007 and that the actual taxes paid by
Omega in 2007 were $1,020,000. Calculate Omega's free cash flow for 2007.

Question

The 2006 and 2007 income statements and balance sheets of Omega International, Inc.
are provided below:    Assume that the change in the gross plant, property, and equipment account
represents the capital expenditures of the firm in 2007 and that the actual taxes paid by
Omega in 2007 were $1,020,000. Calculate Omega's free cash flow for 2007.

Quizplus · Accepted Answer

The Answer of The 2006 and 2007 income statements and balance sheets of Omega International, Inc.
are provided below:    Assume that the change in the gross plant, property, and equipment account
represents the capital expenditures of the firm in 2007 and that the actual taxes paid by
Omega in 2007 were $1,020,000. Calculate Omega's free cash flow for 2007.

The 2006 and 2007 Income Statements and Balance Sheets of Omega