1. Steeler Inc. has an Earnings Before Interest and Taxes (EBIT) of $600,000, 
2. Depreciation expense of $10,000, 
3. Current Asset of $1,600,000 
4. Current Liabilities of $1,450,000 in 2018. 
5. 
   
6. Similarly,
7. 
   
8. In 2017 the Steeler Inc had Current Asset of $1,500,000 
9. Current Liabilities of $1,400,000. 
10. Investments in Land, and PP&E increased by 50% in 2018 from $150,000 in 2017.
11. Tax rate for Steeler Inc is 21%.
12. 
    
13. Required
14. What is Steeler Inc's investment in Fixed Assets at the end of 2018?
15. Compute the after-tax Operating Cash Flow to be used for Free Cash Flow for Steeler Inc. for the year of 2018
16. What is the change in Net Working Capital of Steeler Inc. for the year of 2018
17. Compute Free Cash Flow of Steeler Inc for the year of 2018

Answer rating: 100% (QA)

Investment in Fixed Assets at the end of 2018 The investment in fixed assets can be calculated by fi... View the full answer