Bristol Corp. had EBIT this year of $55,300. The firm's depreciation expense was $12,800, and its tax rate was 35%. The net fixed asset balance was: Last year: $92,000 This year: $108,500 The current assets and operating current liabilities were: • Last year: Current assets = $68,000, Current liabilities = $39,000 This year: Current assets = $75,200, Current liabilities = $42,700 What is Bristol Corp.'s Free Cash Flow (FCF) for the year?

Bristol Corp. had EBIT this year of $55,300. The firm's depreciation expense was $12,800, and its tax rate was 35%. The net fixed asset balance was: Last year: $92,000 This year: $108,500 The current assets and operating current liabilities were: • Last year: Current assets = $68,000, Current liabilities = $39,000 This year: Current assets = $75,200, Current liabilities = $42,700 What is Bristol Corp.'s Free Cash Flow (FCF) 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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