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Question: You are considering an investment in Cruise, Inc. and want to evaluate the firm's free cash flow. From the income statement, you see that Cruise earned an EBIT of $206 million, paid taxes of $42 million, and its depreciation expense was $66 million. Cruise's gross fixed assets increased by $79 million from 2007 to 2008. The firm's current assets decreased by $19 million and spontaneous current liabilities increased by $6.9 million. What is Cruise's operating cash flow, investment in operating capital and free cash flow for 2008, respectively in millions?

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Category:- Basic Finance
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