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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 10.0 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)
Expert Solution
| 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 |
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