What was the free cash flow in given case

Reference no: EM131932123

Question: 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?

Reference no: EM131932123

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