Top in the Sky (TIS) Company reported the following items in its financial statements. Sales = $5.5 million. COGS = $2 million. Operating expenses = $1.5 million. Changes in net working capital = -0.2 million. Interest expense = $0.5 million. Capital expenditure = $1 million. Depreciation expense = $0.3 million. What is TIS company's free cash flow if the tax rate is 30%?

Answer rating: 100% (QA)

To calculate the free cash flow FCF of the Top in the Sky TIS Company we need to use the following f... View the full answer