Company DotThrive reported the following financial results. Operating income is $61.32 million and depreciation and amortization is $6.84 million. The company spent $11.69 million buying new equipment and sold $4.50 million old equipment (this is the after-tax salvage). Net working capital increased by $2.63 million from previous year. The company's tax bracket is 21%. What's the company's Free Cash Flow (FCF) for the year? Note: the unit of your answer should be in millions of dollars, with 2 decimal points.

Q: Get the Answer with Explanation with calculation

A: Step 1: Given that, Earnings before interest and taxes (EBIT) = $3,000,000 Depreciation expenses =…

Q: In its most recent fiscal year, Boba Tea Corp reported net income of $300,000,000. Looking at its…

A: In this problem we simply have to use the formula to calculate the FCF ( Free cash flow ). The…

Q: A company has $600,000 in Sales, $400,000 in Costs, and $100,000 in Depreciation expenses. If the…

A: Operating cash flow can be calculated as revenues less costs after taking effect of taxes.

Q: Lauryn’s Doll Co. had EBIT last year of $47 million, which is net of a depreciation expense of $4.7…

A: Given, EBIT $47 million Depreciation $4.7 million capital expenditures $7.25 million Net working…

Q: Local Co. has sales of $10.9 million and cost of sales of $6.1 million. Its selling, general and…

A: Ratio Analysis is the method of checking the company's operational efficiency, liquidity, and…

Q: Casey Motors recently reported the following information:   Net income = $750,000. Tax rate = 25%.…

A: The objective of the question is to calculate the Economic Value Added (EVA) for Casey Motors. EVA…

Q: What is the current value (in millions) of Standard's equity?

A: The amount of cash available to a corporation after covering the costs of doing business is measured…

Q: Outdoor Sports paid S12,500 in dividends and S9,310 in interest over the past year. Sales totaled…

A: We should first compute the tax payable in cash which will be arrived at by computing the net…

Q: A company recently reported operating income of $500.0 million, depreciation of $50.0 million, and…

A: Operating income = $500 million Depreciation = $50 million Tax rate = 0.21 Expenses on fixed assets…

Q: Need help

A:

Q: This​ year, FCF Inc. has earnings before interest and taxes of ​$10,420,000 depreciation expenses of…

A: Solution: Free cash flow means the amount of cash available with a firm after meeting its operating…

Q: Lauryn’s Doll Co. had EBIT last year of $52 million, which is net of a depreciation expense of $5.2…

A: Given, EBIT is $52 million Depreciation expense $5.2 million Capital expenditures is $5.75 million

Q: For 2018, Gourmet Kitchen Products reported $22.5 million of sales and $18 million of operating…

A: Economic value added (EVA) is a measure of a company's economic profit. It is the value created…

Q: Harper Outdoor Furniture, Incorporated, has net cash flows from operating activities for the last…

A: Accounts receivable refers to the item of assets side of the balance sheet that defines the amount…

Q: Consider a company with EBIT of $450,000, tax rate of 25%, depreciation and amortization expenses of…

A: Free cash flow is the amount of cash flow available to investors after the firm has met all…

Q: Houston pumps recently reported net income of $600000 and an interest expense of $238000. The…

A: Economic Value Added (EVA):It represents the true economic profit of a firm. Thus, it is a measure…

Q: HiWay Furniture has sales of $316,000, depreciation of $47,200, interest expense of $41,400, COGS of…

A: Free cash flow (FCF) is an important financial measure of a company's ability to generate cash after…

Q: Show Publishing recently reported $13,000 of sales, $5,500 of operating costs other than…

A: The operating cash flow is crucial because it is related to the cash generated or used y the…

Q: te Fields and St ers's inve ent operating capital. Note: Enter your answer in millions of dollars.…

A: Operating cash flow is the cash flow available in the company after doing payments for all necessary…

Q: Lauryn's Doll Company had EBIT last year of $41 million, which is net of a depreciation expense of…

A: EBIT = $41 millionDepreciation expenses = $4.1 millionCapital expenditure = $4 millionIncreased net…

Q: Local Co. has sales of $10.7 million and cost of sales of $6.5 million. Its selling, general and…

A: We need to use below profitablity ratios to calculate the unknown variables.(a) Gross margin  =…

Q: Casey Motors recently reported the following information:   Net income = $828,000. Tax rate = 25%.…

A: The objective of the question is to calculate the Economic Value Added (EVA) for Casey Motors. EVA…

Q: Last year, LTD limited. reported $11,250 of sales, $4,500 of operating costs other than…

A: Here, Last Year data: Sales are $11,250 Operating Cost is $4500 Depreciation is $1250 Coupon rate of…

Q: I want the correct answer

A: To find the operating cash flow (OCF) for The Dog House, we need to first determine the net income…

Q: Vasudevan Inc. recently reported operating income of $2.80 million, depreciation of $1.20 million,…

A: Free cash flows = Net Income + Depreciation  - Expenditures on fixed assets and net working…

Q: How much is its free cash flow during that period?

A: The amount of cash available to a corporation after covering the costs of doing business is measured…

Q: Dollar Inc. recently reported operating income (EBIT) of $3.25 million, depreciation of $0.56…

A: Free cash flow are the cash available with the company. The free cash flows helps in reducing the…

Q: This year, FCF, Inc., has earnings before interest and taxes of $10 million, depreciation expenses…

A: The free cash flow of a company refers to the cash that the company has left for use after all the…

Q: Last year, Thurco Corporation had revenue of $120,000 and expenses of $70,000. If Thurco had…

A: Margin: The difference between the total sales and the total expenses is called the margin. Margin…

Q: utterfly Tractors had $15.50 million in sales last year. Cost of goods sold was $8.30 million,…

A: Net income is amount of cash money available after making payment to the cost of goods sold and…

Q: Shrives Publishing recently reported $11,500 of sales, $5,500 of operating costs other than…

A: The objective of the question is to calculate the free cash flow of Shrives Publishing. Free cash…

Q: This year a firm had revenues of $10,000 and total expenses of $8,000. The firm also increased their…

A: Free Cash Flow: Generally speaking, free cash flow (FCF) is the cash that a firm earns after…

Q: This year, Stang Fabrications Inc. has EBIT of $9,080,000, depreciation expenses of $800,000,…

A: Free cash flow means the amount of cash available with a firm after meeting its operating expenses…

Q: Last year your construction company had operating revenues of $1,240,000, operating costs of…

A: Taxable income refers to the gross income after deducting all the expenses incurred by an…

Q: Round your answer to the nearest dollar. Use a minus sign to enter a negative value, if any.

A: Economic Value Added is also called economic profit. It measures company financial performance,…

Q: Vasudevan Inc. recently reported operating income of $5.90 million, depreciation of $0.80 million,…

A: The objective of the question is to calculate the free cash flow of Vasudevan Inc. given the…

Q: DataDyne Company reported EBIT of $590 million for the most recent fiscal year. Interest expense…

A: Free cash flows = Net Income + Depreciation expense - Capital Expense + Decrease in working capital