DShrives Publishing recently reported $13,000 of sales, $5,500 of operating costs other than depreciation, and...
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Calculus
DShrives Publishing recently reported $13,000 of sales, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had $3,500of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. During the year, the firm had expenditures on fixed assets and netoperating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. Whatwas its free cash flow? (Round your intermediate and final answers to whole dollar amount.)a. $4,704b. $2,898c. $3,161d. $3,086e. $3,7633
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