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How much free cash flow did the firm generate

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Reference no: EM133497083

Question: Liyo Company had the following data for the last year (dollars in thousands): Net income = $700; EBIT = $1,200; Total assets = $3,500; and Total operating capital = $2,100. Information for the current year is as follows: Net income = $800; EBIT = $1,598; Total assets = $3,800; and Total operating capital = $2,674. The company's federal and state tax rate is 35%. How much free cash flow did the firm generate during the current year? Round your answer to the nearest dollar. (Hint: FCF = NOPAT - Net Investment in Operating Capital)

Reference no: EM133497083

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