Question
Answered step-by-stepAsked by smlane1754 on coursehero.com
Gustav's best friend, Garfield, owns a lasagna factory. Garfield's...
Gustav's best friend, Garfield, owns a lasagna factory. Garfield's financial skills are not very strong, so he asked Gustav to take a look at his financials. Here is the information Garfield provided to Gustav for 2019.
- EBIT was $7417;
- Depreciation was $2666;
- Tax rate was 0.35
December 31, 2018
December 31, 2019
Current Operating Assets
$2940
$3528
Net Fixed Assets
$16560
$18840
Current Operating Liabilities
$2592
$2484
Compute the free cash flow for this company.
Answer & Explanation
Solved by verified expertAnswered by thakurvikas on coursehero.com
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Step-by-step explanation
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