c) Below is a summary of AMS PLC's Statement of Cash Flows for the year ended...

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c) Below is a summary of AMS PLC's Statement of Cash Flows for the year ended December 31, 2017 (in millions of pounds). The firm faces a 33% statutory tax rate. Reported cash from operating activities Investing Activities: Payments for plant, equipment and property Proceeds from disposal of plant, equipment and property Purchases of interest- bearing marketable securities Proceeds from sale of interest-bearing marketable securities Supplemental information: Interest paid Interest received 9,231 (3,832) 2,620 (1,172) 3,531 (2,014) 218 What are free cash flows? From the above information, calculate free cash flows for 2017. c) Below is a summary of AMS PLC's Statement of Cash Flows for the year ended December 31, 2017 (in millions of pounds). The firm faces a 33% statutory tax rate. Reported cash from operating activities Investing Activities: Payments for plant, equipment and property Proceeds from disposal of plant, equipment and property Purchases of interest- bearing marketable securities Proceeds from sale of interest-bearing marketable securities Supplemental information: Interest paid Interest received 9,231 (3,832) 2,620 (1,172) 3,531 (2,014) 218 What are free cash flows? From the above information, calculate free cash flows for 2017.

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Free Cash Flow for 2017 Cash from Operating Activities Payments for Plant Equipment and Property Pro... View the full answer