FAMA Inc. had the following data for last year and current year:
| Prior Year | Current Year | |
| NOPAT = EBIT(1 - T) | $700 | $925 |
| Total operating capital | $2,000 | $2,500 |
How much free cash flow did the firm generate during the just-completed year?
Free Cash Flow = NOPAT - Increase in Capital
Free Cash Flow = 925 - (2,500 - 2,000)
Free Cash Flow = $425
FAMA Inc. had the following data for last year and current year: Prior Year Current Year...
TSW Inc. had the following data for last year: Net income = $800; Net operating profit after taxes (NOPAT) = $700; Total assets = $3,000; and Total operating capital = $2,000. Information for the just-completed year is as follows: Net income = $1,000; Net operating profit after taxes (NOPAT) = $925; Total assets = $2,600; and Total operating capital = $2,500. How much free cash flow did the firm generate during the just-completed year?
Hartzell Inc. had the following data for 2013, in millions: Net income = $600; after-tax operating income [EBIT(1 ? T)] = $700; and Total assets = $2,000. Information for 2014 is as follows: Net income = $825; after-tax operating income [EBIT(1 ? T)] = $925; and Total assets = $2,500. How much free cash flow did the firm generate during 2014?
Hartzell Inc. had the following data for 2014, in millions: Net income = $600; after-tax operating income [EBIT (1-T)] = $700; and Total assets = $2,000. Information for 2015 is as follows: Net income = $825; after-tax operating income [EBIT (1-T)] = $1,475; and Total assets = $2,500. How much free cash flow did the firm generate during 2015?
. Baglioni Company. had the following data for 2018, in millions: Net income = $600; after-tax operating income [EBIT(1 − T)] = $700; and Total assets = $2,000. Information for 2019 is as follows: Net income = $825; after-tax operating income [EBIT(1 − T)] = $910; total capital expenditure plus change in net operating working capital = $500; and depreciation and amortization of $15 . How much free cash flow did the firm generate during 2019?
Tibbs Inc. had the following data for the most recent year: Net income = $300; Net operating profit after taxes (NOPAT) = $120; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct answer.
Last year Cole Furnaces had $4 million in operating income (EBIT). The company had a net depreciation expense of $1 million and an interest expense of $1 million; its com-bined federal and state corporate tax rate is 25%. The company has $14 million in operat-ing current assets and $4 million in operating current liabilities; it has $15 million in net plant and equipment. It estimates that it has an after-tax cost of capital of 10%. Assume that Cole’s only noncash...
Cusic Industries had the following operating results for last year; sales = $25,700; cost of goods sold = $18,400; depreciation expense = $3,450; interest expense = $790. At the beginning of last year, net fixed assets were $19,280, current assets were $5,100, and current liabilities were $3,400. At the end of last year, net fixed assets were $21,650, current assets were $5,830 and current liabilities were $3,580. The tax rate for last year was 40%. Assume there is no short...
Cusic Industries had the following operating results for last year; sales = $25,700; cost of goods sold = $18,400; depreciation expense = $3,450; interest expense = $790. At the beginning of last year, net fixed assets were $19,280, current assets were $5,100, and current liabilities were $3,400. At the end of last year, net fixed assets were $21,650, current assets were $5,830 and current liabilities were $3,580. The tax rate for last year was 40%. Assume there is no short...
Last year Cole Furnaces had $5 million in operating income (EBIT). The company had a net depreciation expense of $1 million and an interest expense of $1 million; its corporate tax rate was 40%. The company has $14 million in operating current assets and $4 million in operating current liabilities; it has $15 million in net plant and equipment.. Assume that Cole’s only noncash item was depreciation. a. What was the company’s net income for the year? b. What was...
Tibbs Inc. had the following data for the year ending 12/31/2015: Net income = $300; Net operating profit after taxes (NOPAT) = $320; Total assets = $2,500; Short-term investments = $200; Stockholders' equity = $1,800; Total debt = $700; and Total operating capital = $2,300. What was its return on invested capital (ROIC)? Select the correct answer. a. 13.91% b. 13.61% c. 13.31% d. 14.21% e. 14.51%