c) Below is a summary of AMS PLC's Statement of Cash Flows for the year...
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c) Below is a summary of AMS PLC's Statement of Cash Flows for the year ended December 31, 2017 (in millions of pounds). The firm faces a 33% statutory tax rate. Reportedcashfromoperatingactivities9,231 Investing Activities: Payments for plant, equipment and property (3,832) Proceeds from disposal of plant, equipment and property 2,620 Purchases of interest- bearing marketable securities (1,172) Proceeds from sale of interest-bearing marketable securities 3,531 Supplemental information: Interest paid (2,014) Interest received 218 What are free cash flows? From the above information, calculate free cash flows for 2017
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