Tater and Pepper Corp. reported free cash flows for 2018 of $49.1 million and investment in operating capital of $32.1 million. Tater and Pepper incurred $14.6 million in depreciation expense and paid $30.9 million in taxes on EBIT in 2018. Calculate Tater and Pepper’s 2018 EBIT.
FCF = EBIT+Depreciation-Taxes-Net capital expenditure-Changes in NWC | |
EBIT = FCF-(Depreciation-Taxes-Net capital expenditure-Changes in NWC) = | |
= 49.10-(14.6-30.9-32.1) = | $ 97.50 |
Tater and Pepper Corp. reported free cash flows for 2018 of $49.1 million and investment in...
Help Sove & Exit Submit Tater and Pepper Corp. reported free cash flows for 2018 of $49.1 million and investment in operating capital of $32.1 million Tater and Pepper incurred $14.6 million in depreciation expense and paid $30.9 million in taxes on EBIT in 2018 Calculate Tater and Pepper's 2018 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million
Check my work Tater and Pepper Corp. reported free cash flows for 2018 of $39.1 million and investment in operating capital of $22.1 million. Tater and Pepper incurred $13.6 million in depreciation expense and paid $28.9 million in taxes on EBIT in 2018. Calculate Tater and Pepper's 2018 EBIT. (Enter your answer in millions of dollars rounded to 1 decimal place.) EBIT million
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