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Business, 03.04.2020 23:54 mistergutsy8622
Champagne, Inc., had revenues of $12 million, cash operating expenses of $8 million, and depreciation and amortization of $1.5 million during 2008. The firm purchased $700,000 of equipment during the year while increasing its inventory by $500,000 (with no corresponding increase in current liabilities). The marginal tax rate for Champagne is 30 percent. Free cash flow: What is Champagne's cash flow from operations for 2008?
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Champagne, Inc., had revenues of $12 million, cash operating expenses of $8 million, and depreciatio...
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