Examlex
All of the following statements are true EXCEPT
Net Income
The total earnings of a company after subtracting all expenses, including taxes and operating expenses, from its total revenues.
Operating Costs
Expenses associated with the day-to-day operations of a business, including rent, utilities, payroll, and materials.
Free Cash Flow
Free cash flow is a financial performance measure that calculates how much cash a company generates after accounting for capital expenditures necessary to maintain or expand its asset base.
Net Operating Profit After Taxes (NOPAT)
A measure of a company's operating efficiency, calculated as its operating income minus taxes, assuming no financing is used.
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