Question: Question 6) The following are some selected items from the 2021 financial statements for A Inc. What is the free cash flow for A Inc
Question 6)
The following are some selected items from the 2021 financial statements for A Inc. What is the free cash flow for A Inc in 2021? Assume that the tax rate is 35%. (Round to the nearest dollar)
| Income Statement | |
|
| 2021 |
| Revenue | $3,658 |
| EBIT | 1,089 |
| Net Income | 647 |
| Cash Flow Statement | |
|
| 2021 |
| Depreciation | $113 |
| Capital Expenditures | 145 |
| Balance Sheet | ||
|
| 2021 | 2020 |
| Cash | $626 | 909 |
| Accounts Receivables | 515 | 374 |
| Inventory | 65 | 41 |
| Accounts Payable | 548 | 423 |
| Current Portion of Debt | 156 | 138 |
Group of answer choices
a) $648
b) $479
c) None of the other answers is correct.
d) $542
e) $636
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