Crimson Ridge Equipment Co. reported the following for the year 2022: • • • . Free Cash Flow (FCF) = $48.3 million Investment in Operating Capital = $36.5 million Depreciation Expense = $13.2 million Taxes on EBIT = $18.7 million Calculate Crimson Ridge's 2022 EBIT.

Crimson Ridge Equipment Co. reported the following for the year 2022: • • • . Free Cash Flow (FCF) = $48.3 million Investment in Operating Capital = $36.5 million Depreciation Expense = $13.2 million Taxes on EBIT = $18.7 million Calculate Crimson Ridge's 2022 EBIT.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)

10th Edition

ISBN:9781337902571

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter3: Financial Statements, Cash Flow, And Taxes

Section: Chapter Questions

Problem 12P

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Question

I need guidance with this financial accounting problem using the right financial principles.

Crimson Ridge Equipment Co. reported the following for the year 2022:
•
•
•
.
Free Cash Flow (FCF) = $48.3 million
Investment in Operating Capital = $36.5 million
Depreciation Expense = $13.2 million
Taxes on EBIT = $18.7 million
Calculate Crimson Ridge's 2022 EBIT.

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