The tall tree lumber corporations 2015 income statement, Ask an Expert

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The Tall Tree Lumber Corporation's 2015 income statement shows an EBIT of $5,280,000, a tax rate of 35 percent, and a depreciation expense of $980,000.

The company's fixed assets increased by $2,100,000 in 2015, its current assets grew $1,800,000, and spontaneous current liabilities increased by $850,000. What was the firm's 2015 free cash flow?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92860854

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