Vasudevan Inc

question 47

Multiple Choice

Vasudevan Inc.recently reported operating income of $2.75 million,depreciation of $1.20 million,and had a tax rate of 40%.The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million.How much was its free cash flow,in millions?

• A)$1.93
• B)$2.03
• C)$2.14
• D)$2.25
• E)$2.36

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Definitions:

Scheduling System

A system used to organize, coordinate, and allocate time and resources effectively for tasks or events.

Downsizing

The process of reducing the number of employees within a business, often to cut costs and improve efficiency.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work.

Family And Medical Leave Act

A U.S. federal law that requires covered employers to provide employees job-protected and unpaid leave for qualified medical and family reasons.