Question: Question (3 Marks) CL03 XYZ Inc. recently reported operating income of AED2.75 wlion, depreciation of AED 1.20 million, and had a tax rate of 40%.

 Question (3 Marks) CL03 XYZ Inc. recently reported operating income of

Question (3 Marks) CL03 XYZ Inc. recently reported operating income of AED2.75 wlion, depreciation of AED 1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled AEDO.6 million. A] How much was its free cash flow (FCF), in millions? [2] B] Analyze the importance of the FCF as a financial indicator for the company

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