Problemvasudevan inc recently reported operating income of, Ask an Expert

Accounting

Problem:

Vasudevan Inc. recently reported operating income of $2.75 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and CHANGE in net operating working capital totaled $0.6 million. How much was its free cash flow, in millions?

Select one:

a. $2.25

b. $2.14

c. $1.93

d. $2.36

e. $2.03

Note:Provide specific examples to support your answers.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170492

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