Hartzell Inc. had the following data for 2014, in millions: Net income = $600; operating income after taxes [EBIT (1-Q)] = $700; and Total assets = $2,000. The information for 2015 is as follows: Net income = $825; operating income after taxes [EBIT (1-Q)] = $725; and Total assets = $2,500. How much free cash flow did the company generate during 2015?

Answer rating: 100% (QA)

To calculate the free cash flow FCF we need to use the following formula FCF operating income after ... View the full answer