Income Statement Sales $250,000 Costs $120,000 Other Expenses $20,000 Depreciation $15,000 EBIT $95,000 Interest $29,000 Taxable Income $66,000 Taxes $23,100 Net Income $42,900 Dividends $12,870 Retained Earnings $30,030 XYZs most recent year-end income statement is reported above. Given that XYZ issued $2,900 in new equity during the year and $4,000 in corporate bonds. What is the free cash flow (cash flow from assets) for the year?

Answer rating: 100% (QA)

To calculate the free cash flow cash flow from assets we need to consider the cash flows related to ... View the full answer