What was the free cash flow in year two

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Reference no: EM132969473

You've been giving the following GAAP accounting numbers:

                 Year 1               Year 2

Cap EX         46                  52

COGS           113            127

Depreciation   50              55

Dividend            10           45

Interest           37             37

Revenue        207            263

SGA               47                53

                                                 Year 1                Year 2

cash & marketable securities     10                    15

Accounts Receivable                20                   31

Inventory                                 40               54

Short-term Debt                          20                 15

Accounts Payable                         35                  42

Current Portion of Long-Term Debt        13              10

Problem 1: The business's tax rate is 32%. What was its free cash flow in Year 2?

Reference no: EM132969473

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