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Homework answers / question archive / Sand 5th Avenue Free Cash Flow (FCF) for 2019 is $200 million
Sand 5th Avenue Free Cash Flow (FCF) for 2019 is $200 million. 2020's EBIT forecast is $100 million. From 2019 to 2020,Sand operating current assets and current liabilities are expected to increase by $30 and $45 million, respectively. Sand has no depreciable assets. Assuming a tax rate of 50 percent, what is Sand's FCF for 2020?
A.$65.00
B.$115.00
C.$50.00
D.$85.00
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