Compute nico's free cash flow


During 2006, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000,an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information, compute NICO's free cash flow

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Accounting Basics: Compute nico's free cash flow
Reference No:- TGS071073

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