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Rovin software reported operating income of $5.35 million, depreciation of $1.20 million,

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solution


Question

Rovin software reported operating income of $5.35 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million. How much was its free cash flow, in millions?

 

Paper#29587 | Written in 18-Jul-2015

Price : $27
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