Arlington Corporation had EBIT this year of $41,299. The firm's depreciation expense was $9,592, and its tax rate was 36%. Arlington had a net fixed asset balance of $70,725 last year, and $50,107 this year. The company had current assets and operating current liabilities last year of $84,080 and $54,232, respectively. The current assets and operating current liabilities this year are $91,901 and $50,455, respectively. What is Arlington's Free Cash Flow for the year?

Arlington Corporation had EBIT this year of $41,299. The firm's depreciation expense was $9,592, and its tax rate was 36%. Arlington had a net fixed asset balance of $70,725 last year, and $50,107 this year. The company had current assets and operating current liabilities last year of $84,080 and $54,232, respectively. The current assets and operating current liabilities this year are $91,901 and $50,455, respectively. What is Arlington's Free Cash Flow for the year?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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