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Question
Westlake Corporation has the following information (obtained) from its balance sheet, income statement and statement of retained earnings.
Increase in current assets
$50
EBIT
$75
Interest expense
$25
Increase in accounts payable
$35
dividends
$15
Increase in common stock
$20
Increase in gross fixed assets
Depreciation expense
$12
Income taxes
$17
1. Compute its free cash flow from operations.
2. What are the uses of Westlake's free cash flows.
3. Interpret the results above.
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