Income statement and statement of retained earnings

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Westlake Corporation has the following information (obtained) from its balance sheet, income statement and statement of retained earnings. Decrease in current assets $75 EBIT $100 Interest expense $100 Increase in accounts payable $75 dividends $75 Decrease in common stock $40 Increase in Gross fixed assets $30 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.

Reference no: EM131457794

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