Bartling Energy Systems recently reported $9,250,000

Question # 00005568 Posted By: paul911 Updated on: 12/17/2013 12:39 PM Due on: 12/18/2013
Subject Finance Topic Finance Tutorials:
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Bartling Energy Systems recently reported $9,250,000 of sales, $5,750,000 of operating costs other than depreciation, and $700,000 of depreciation. The company has $3,200,000 of outstanding bonds that carry a 5% interest rate, and its federal?plus?state income tax rate was 35%. In order to sustain its operations and thus generate sales and cash flows in the future, the firm was required to make $1,250,000 of capital expenditures on new fixed assets and to invest $300,000 in net operating working capital. By how much did the firm's net income exceed its free cash flow?
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  1. Tutorial # 00005365 Posted By: paul911 Posted on: 12/17/2013 12:40 PM
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    The solution of Bartling Energy Systems recently reported $9,250,000...
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