During2022,Morphy Corp. had sales of $650,000,cost of goods sold of $380,000,selling and administrative expenses of $50,000,and depreciation
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During 2022, Morphy Corp. had sales of $650,000, cost of goods sold of $380,000, selling and administrative expenses of $50,000, and depreciation expense of $120,000. In addition, the company had an interest expense of $65,000 and a tax rate of 21%. At the beginning of 2022, net fixed assets were $198,200, current assets were $69,700, and current liabilities were $39,150. At the end of the year, net fixed assets were $245,300, current assets were $84,200, and current liabilities were $48,300. What is the free cash flow to the firm (FCFF)?
Related Book For
Horngrens Accounting
ISBN: 978-0133855388
10th Canadian edition Volume 2
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood
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