D Question 2 1 pts Cactus, Inc., had revenues of $62 million, cash operating expenses of...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/664935696a182_832664935688e12a.jpg)
Transcribed Image Text:
D Question 2 1 pts Cactus, Inc., had revenues of $62 million, cash operating expenses of $29 million, and non-cash depreciation expense of $18 million during the year. Also during the same year, the firm purchased $14 million of additional equipment during the year while increasing its working capital investment by $7 million. The tax rate for Cactus is 25%. What is Cactus' free cash flow for the year? Answer to the nearest $0.01 million D Question 2 1 pts Cactus, Inc., had revenues of $62 million, cash operating expenses of $29 million, and non-cash depreciation expense of $18 million during the year. Also during the same year, the firm purchased $14 million of additional equipment during the year while increasing its working capital investment by $7 million. The tax rate for Cactus is 25%. What is Cactus' free cash flow for the year? Answer to the nearest $0.01 million
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
The comparative balance sheet of Beets Industries, Inc. at December 31, 2013 and 2012, is as follows: An examination of the income statement and the accounting records revealed the following...
-
Dil Corporation acquired 30 percent of the voting stock of Lar Company at book value on July 1, 2011. During 2013, Lar paid dividends of $160,000 and reported income of $500,000 as follows: Income...
-
Identify at least five types of managers who are internal users of accounting information.
-
A year ago Pod Limited bought 225,000 1 fully paid ordinary shares of Pea Limited for a consideration of 500,000. Pea Limiteds share capital and share premium were each the same as at todays date....
-
San Jose Sunglasses sell for about $157 per pair. Suppose that the company incurs the following average costs per pair: San Jose has enough idle capacity to accept a one-time-only special order from...
-
if you deposit $ 2 0 0 0 today in a bank account that pays 5 % , compounded quarterly, how much you have in ten years?
-
Assume that Partners A and B each report a Capital Account of $450,000. Partner C wants to join the partnership as an equal one-third partner. Because the partnership has been very profitable,...
-
Identify the major types of identifiable intangible assets and the accounting treatment for them.
-
The Executive Service Company has high levels of inventory, and impressive premises; their sales/net assets ratio is 1 : 1. The QuickValue Service Company has low levels of inventory, and backstreet...
-
Identify three examples of revenue received in advance.
-
Most efforts to reduce the amount of funds tied up in assets are wasted because one type of asset is turned into another: inventories and surplus buildings become receivables and cash. The total...
-
What are some items generally withheld from employees wages or salaries?
-
2. Dan used their 2014 earnings and sales, to be consistent with the ways the price ratios were calculated for competitors. If Dan took average price from estimation based on price-earnings ratio and...
-
Which of the following is NOT a magnetic dipole when viewed from far away? a) A permanent bar magnet. b) Several circular loops of wire closely stacked together with the same current running in each...
-
Describe the constraints on providing useful information. LO9
-
Discuss the three principles that are used to measure and record business transactions. LO10
-
Identify the four assumptions that underlie accounting. LO9
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App