Homework answers / question archive / During 2015, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%

During 2015, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%

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During 2015, NICO Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase
in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation
expense of $50,000, and a tax rate of 30%. Based on this information, NICO's free cash flow is