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Gustav's best friend, Garfield, owns a lasagna factory. Garfield's...

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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.

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Answered by thakurvikas on coursehero.com
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