Firm free cash flow for year


Problem:

A firms reports that in a certain year it had a net income of 4.5 million, depreciation expenses of 2.8 million, capital expenditures of 2.3 million, and Net Working Capital decreased by 1.5 million.

Required:

Question: What is the firm's free cash flow for that year?

A) 2.4 million

B) 6.5 million

C) 8.1 million

D) 11.1 million

Note: Explain all calculation and formulas.

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Accounting Basics: Firm free cash flow for year
Reference No:- TGS0891428

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