Question: Excerpts from Riker, Inc's financial statement are presented below. What is the company's free cash flow for 2020 if its tax rate is 25%. All
| Excerpts from Riker, Inc's financial statement are presented below. What is the company's free cash flow for 2020 | ||||||||||||
| if its tax rate is 25%. All amounts are in millions of dollars. Do not round numbers in intermediate steps. Report answer to two decimal places. | ||||||||||||
| 2019 | 2020 | |||||||||||
| REVENUE | 750.00 | 862.5 | ||||||||||
| OPERATING EXPENSES | 650.00 | 750.00 | ||||||||||
| DEPRECIATION | 20.00 | 22.50 | ||||||||||
| OPERTING INCOME | 80.00 | 90.00 | ||||||||||
| INTERST EXPENSE | 6.25 | 6.25 | ||||||||||
| TAXABLE INCOME | 73.75 | 83.75 | ||||||||||
| TAXES | 18.50 | 21.00 | ||||||||||
| NET INCOME | 55.25 | 62.75 | ||||||||||
| OTHER INFORMATION | ||||||||||||
| MARKETAB SECURITIES | 25.00 | 31.25 | ||||||||||
| NET OPERATING WORKING CAPITAL | 187.50 | 200.00 | ||||||||||
| CAPITAL EXPENDITURES | 25.00 | 30.00 | ||||||||||
| LONG TERM OPERAT LIABIL | 36.75 | 40.55 | ||||||||||
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
