Titanium Systems Inc. reported free cash flows for 2022 of $64.5 million and investment in operating capital of $38.2 million. Titanium Systems incurred $18.4 million in depreciation expenses and paid $24.3 million in taxes on EBIT in 2022. Calculate Titanium Systems' 2022 EBIT.

Financial Management: Theory & Practice
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ISBN:9781337909730
Author:Brigham
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Chapter2: Financial Statements, Cash Flow,and Taxes
Section: Chapter Questions
Problem 17P: Athenian Venues Inc. just reported the following selected portion of its financial statements for...
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Calculate Titanium Systems' 2022 EBIT

Titanium Systems Inc. reported free
cash flows for 2022 of $64.5 million
and investment in operating capital of
$38.2 million. Titanium Systems
incurred
$18.4
million
in
depreciation expenses and paid $24.3
million in taxes on EBIT in 2022.
Calculate Titanium Systems' 2022
EBIT.
Transcribed Image Text:Titanium Systems Inc. reported free cash flows for 2022 of $64.5 million and investment in operating capital of $38.2 million. Titanium Systems incurred $18.4 million in depreciation expenses and paid $24.3 million in taxes on EBIT in 2022. Calculate Titanium Systems' 2022 EBIT.
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