Question: Did I do this correctly? 12. Consider the following 2016 data for three manufacturing firms (S in millions): Bandit Industries Cloud Company Nixx Corporation Current

Did I do this correctly? 12. Consider the following 2016 data

Did I do this correctly?

12. Consider the following 2016 data for three manufacturing firms (S in millions): Bandit Industries Cloud Company Nixx Corporation Current Liabilities $155,800 101,600 116,000 Cash fronm Operations ($49,400) 171,600 138,400 Expenditures on PPE $36,600 51,600 71,800 Dividends cash $21,000 24,800 35,200 Compute the free cash flow for each firm for 2016 BANDIT INDUSTRIES =-$86,000,000 Free Cash Flow= Cash Flow from Operations-Capital Expenditures ($49,400,000)-$36,600,000=-$86,000,000 CLOUD COMPANY = $120,000,000 Free Cash Flow= Cash Flow from Operations-Capital Expenditures $171,600,000 $51,600,000 $120,000,000 NIXX CORPORATION = Free Cash Flow= Cash Flow from Operations-Capital Expenditures $138,400,000-$71,800,000 $66,600,000

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