Provo inc had revenues of 10000000 cash operating expenses, Ask an Expert

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Provo, Inc., had revenues of $10,000,000, cash operating expenses of $5,000,000, and depreciation and amortization of $1,000,000 during 2015. The firm purchased $500,000 of equipment during the year while increasing its inventory by $300,000 (with no corresponding increase in current liabilities). The marginal tax rate for Provo is 40 percent. What is Provo's cash flow from operations in 2015?

What is Provo's free cash flow for 2015?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91602692

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