What is Crew Cut operating cash flow

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Question - Free Cash Flow - You are considering an investment in Crew Cut, Inc. and want to evaluate the firm's free cash flow. From the income statement, you see that Crew Cut earned an EBIT of $23.14 million, paid taxes of $3.86 million, and its depreciation expense was $7.86 million. Crew Cut's gross fixed assets increased by $10.14 million from 2017 to 2018. The firm's current assets increased by $6.14 million and spontaneous current liabilities increased by $3.86 million. What is Crew Cut's operating cash flow, investment in operating capital and free cash flow for 2018, respectively in millions?

Reference no: EM133064689

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