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Homework answers / question archive / Tantamount 2 Kaos Inc Financial Statements 2018 2019 2020 Fiscal Year: Partial Balance Sheet Short-term Assets Cash Inventories Accounts Receivable Short-term Liabilities Accounts Payable Loan portion due 10

Tantamount 2 Kaos Inc Financial Statements 2018 2019 2020 Fiscal Year: Partial Balance Sheet Short-term Assets Cash Inventories Accounts Receivable Short-term Liabilities Accounts Payable Loan portion due 10

Finance

Tantamount 2 Kaos Inc Financial Statements 2018 2019 2020 Fiscal Year: Partial Balance Sheet Short-term Assets Cash Inventories Accounts Receivable Short-term Liabilities Accounts Payable Loan portion due 10.0 20.7 4.2 20.0 25.2 4.6 25.0 26.1 5.1 12.1 20.0 12.7 20.0 10.1 20.0 Profit and Loss Statement Revenues Expenses Depreciation EBIT (Figures are in $millions) 256.1 156.4 3.5 96.2 282.9 172.5 3.6 106.8 320.1 192.1 3.7 124.3 Tatamount 2Kaos Inc. has submitted the partial financial statements shown in the table above. If its marginal tax rate is 32.5%, what is the free cash flow expected in the 2020 Fiscal Year? $ 57.8 * millions (Give answer to 2 decimal places)

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Particulars Amount
EBIT 124.3
Tax 40.3975
EAT 83.9025
Depreciation 3.7
CFAT 87.6025
Change in working capital -9
   
Net Free cashflow 78.6025
Particulars 2019 2020
Cash 20 25
Inventory 25.2 26.1
Accounts Receivable 4.6 5.1
     
Total Current assets 49.8 56.2
     
Accounts payable 12.7 10.1
Loan portion due 20 20
     
Total current Liability 32.7 30.1
     
Working Capital 17.1 26.1
Increase in working capital   9