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Describe the three-tier client server model.
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.
Total Operating Capital
The sum of all capital employed in a company’s daily operations, including inventory, accounts receivable, and fixed assets.
Tax Liability
The total amount of tax that individuals or businesses are legally obligated to pay to tax authorities.
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