5. LSP. Co recently reported $11,750 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus- state income tax rate was 35%. During the year, the firm had expenditures on fixed assets and ne working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flow What was its free cash flow? *

5. LSP. Co recently reported $11,750 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus- state income tax rate was 35%. During the year, the firm had expenditures on fixed assets and ne working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flow What was its free cash flow? *

Name: 5. LSP. Co recently reported $11,750of sales, $5,500 of operating cos
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Description: 5. LSP. Co recently reported $11,750of sales, $5,500 of operating costsother than depreciation, and $1,250of depreciation. The company had$3,500 of bonds that carry a 6.25%interest rate, and its federal-plus-state income tax rate was 35%.During the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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