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Marina86 [1]
2 years ago
8

You are considering an investment in Crew Cut, Inc. and want to evaluate the firm's free cash flow. From the income statement, y

ou see that Crew Cut earned an EBIT of $23.18 million, paid taxes of $3.82 million, and its depreciation expense was $7.82 million. Crew Cut's gross fixed assets increased by $10.18 million from 2017 to 2018. The firm's current assets increased by $6.18 million and spontaneous current liabilities increased by $3.82 million. What is Crew Cut's operating cash flow, investment in operating capital and free cash flow for 2018, respectively in millions
Business
1 answer:
forsale [732]2 years ago
7 0

Answer:

See below

Explanation:

•Crew Cut's operating cash flow was;

Operating cash flow = EBIT - Taxes + Depreciation

= $23.18 million - $3.82 million + $7.82 million

= $27.18 million

• Investment in operating capital for 2018

Investment in operating capital = Change in gross fixed assets + Change in net working capital

= $10.18 million + ($6.18 million - $3.82 million)

= $10.18 million + $2.36 million

= $12.54 million

• Free cash flow for 2018

Free cash flow = Operating cash flow - Investment in operating capital

= $27.18 million - $12.54 million

= $14.64 million

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A woman walks into a store and steals $100 she comes back and buys $70 worth of goods with the $100, the owner gives her$30 in c
deff fn [24]
The answer is $100.

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3 years ago
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andriy [413]

Answer:

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2 years ago
Lisa is choosing between three alternatives: a) working at her job that pays 60 dollars; b) writing a term paper which she value
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Answer:

c. 80 dollars.

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1 year ago
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