Vasudevan Inc.recently reported operating income of $4.80 million,depreciation of $1.20 million,and had a tax rate of 40%.The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million.How much was its free cash flow,in millions?
A) $3.17
B) $2.68
C) $3.48
D) $3.38
E) $4.28
Correct Answer:
Verified
Q89: Houston Pumps recently reported $230,000 of sales,$140,500
Q90: Hayes Corporation has $300 million of common
Q91: On 12/31/15,Hite Industries reported retained earnings of
Q92: Emery Mining Inc.recently reported $130,000 of sales,$75,500
Q93: Your corporation has a marginal tax rate
Q95: Hartzell Inc.had the following data for 2014,in
Q96: During 2015,Bascom Bakery paid out $33,525 of
Q97: Scranton Shipyards has $7.0 million in total
Q98: Your corporation has the following cash flows:
Q99: Brown Office Supplies recently reported $19,500 of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents