Question: Last year China Robotics Ltd . had Tk . 5 million in operating income ( EBIT ) . Its depreciation expense was Tk . 1
Last year China Robotics Ltd had Tk million in operating income EBIT Its depreciation expense was Tk million, its interest expense was Tk million, and its corporate tax rate was At yearend, it had Tk million in current assets, Tk million in accounts payable, Tk million in accruals, and Tk million in net plant and equipment. Assume that China's only noncash item was depreciation.
i What was its net working capital NWC
ii China had Tk million in net plant and equipment the prior year. Its net working capital has remained constant over time. What is the company's free cash flow FCF for the year that just ended?
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