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Determine the free cash flow

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Reference no: EM132719437

Problem - Aeropostale, Inc. (AROPQ) is a specialty retailer of casual apparel and accessories for teens. Recently, the company declared bankruptcy to provide financial protection while attempting to reorganize its operations. Annual report information for the three most recent years prior to the bankruptcy are as follows (in millions):

 

Year 3

Year 2

Year 1

Cash flows from operating activities

$(68)

$(56)

$(38)

Cash used to purchase property, plant, and equipment

(16)

(24)

(84)

Sales

1,507 

1,839 

2,091 

Required - Determine the free cash flow.

Reference no: EM132719437

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