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Below Is a Recent Income Statement for Gatlin Camera

Question 29

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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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blured image EBIT = Income before tax + In...

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