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Ghella [55]
1 year ago
6

free cash flow catering corp. reported free cash flows for 2013 of $8 million and investment in operating capital of $2 million.

catering listed $1 million in depreciation expense and $2 million in taxes on its 2008 income statement. what was catering's 2013 ebit?
Business
1 answer:
arsen [322]1 year ago
4 0

Cash flow accessible Catering Corp. reported $8 million in free cash flows for 2013 and a $2 million investment in operating capital.

What exactly is free cash flow?

In corporate finance, free cash flow or free cash flow to the firm is the amount by which a company's operating cash flow exceeds its demands for working capital and fixed asset expenditures. The cash generated by a company after deducting cash outflows for operating expenses and capital asset upkeep is referred to as free cash flow (FCF).

To learn more about free cash flow

brainly.com/question/28543476

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