What was the free cash flow

Reference no: EM131932042

Qusetion: Acme Incorporated had $10,750 of sales, $6,000 of operating costs, and $1,550 of depreciation. The company had $3,500 of debt for which it pays 6.25% interest per year. Its total tax rate was 35%. During the same period, the firm spent $1,500 on required fixed assets and additional operating working capital. What was its free cash flow? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131932042

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