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Iron ore listed 49 million in depreciation expense and 41

Free Cash Flow

Iron Ore Corp. reported free cash flows for 2008 of $91 million and investment in operating capital of $199 million. Iron Ore listed $49 million in depreciation expense and $41 million in taxes on its 2008 income statement. What was Iron Ore's 2008 EBIT?

a. $290 million

b. $282 million

c. $380 million

d. $140 million

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Finance Basics: Iron ore listed 49 million in depreciation expense and 41

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