Plato PLC is a supplier to large construction companies. During 2017, Plato experienced an increase in net

Question:

Plato PLC is a supplier to large construction companies. During 2017, Plato experienced an increase in net fixed assets of £1,500,000 and had depreciation of £1,000,000. It also experienced an increase in current assets of £750,000 and accounts payable of £375,000. If operating cash flow (OCF) for the year was £3,500,000, calculate the firm’s free cash flow (FCF) for the year.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Principles Of Managerial Finance Brief

ISBN: 9781292267142

8th Global Edition

Authors: Chad J. Zutter, Scott B. Smart

Question Posted: