Bartling energy systems recently reported $9,250,000 of sales,

Posted: July 31st, 2022

Bartling Energy Systems recently reported $9,250,000 of sales, $5,750,000 of operating
costs other than depreciation, and $700,000 of depreciation. The company has $3,200,000
of outstanding bonds that carry a 5% interest rate, and its federal‐plus‐state income tax
rate was 35%. In order to sustain its operations and thus generate sales and cash flows in
the future, the firm was required to make $1,250,000 of capital expenditures on new fixed
assets and to invest $300,000 in net operating working capital. By how much did the firm’s
net income exceed its free cash flow?

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price: