Last year your firm had revenue of $42.0 million, cost of goods sold (COGS) of $27.0 million,
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Question:
Last year your firm had revenue of $42.0 million, cost of goods sold (COGS) of $27.0 million, Selling, General, & Administration costs (SG&A) of $5.5 million, Account Receivables (AR) of $9.0 million, Account Payables (AP) of $8.0 million and Inventory of $8.5 million. What will be the free cash flow this year if you boost revenue 7.0%, while holding COGS growth to 2.0%, and increasing AP 25.0%, while everything else remains same as last year?
Assume no taxes and no additional capital expenditures.
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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