Question: include small explanation of how you got the answer please. 3 pts Shrives Publishing recently reported $11,000 of sales, $5,500 of operating costs other than

include small explanation of how you got the answer please. include small explanation of how you got the answer please. 3 pts

3 pts Shrives Publishing recently reported $11,000 of sales, $5,500 of operating costs other than depreciation, and $1,000 of depreciation. The company had $3,500 of bonds (debt) that carry a 6.25% interest rate, and its tax rate was 25%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,455. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? (Round your intermediate and final answers to whole dollar amount.) Edit View Insert Format Tools Table 12pt Paragraph B I U A

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