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

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