During 2015, NICO Corporation had EBIT of $100,000, a change In net fixed assets of...
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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 depredation expense of $50,000, and a tax rate of 30%. Based on this information, NICC's free cash flow is -$630,000 -$30,000 -$50,000 -$650,000
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