Business, 18.03.2021 01:50 jenstets05

Greshak Manufacturing Co. recently reported $8,250 of sales, $4,500 of operating costs other than depreciation, and $950 of depreciation. The company had no amortization charges, it had $3,500 of outstanding bonds that carry a 6.0% interest rate, and its federal-plus-state income tax rate was 23%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to spend $825 to buy new fixed assets and to invest $315 in net operating working capital. How much free cash flow did Greshak generate

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Greshak Manufacturing Co. recently reported $8,250 of sales, $4,500 of operating costs other than de...

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