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Last year, Ashley Inc. had a NOPAT of $700 and total net operating capital TNOC of...

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Finance

Last year, Ashley Inc. had a NOPAT of $700 and total netoperating capital TNOC of $1800. This year, Ashley's has a NOPAT$900 and total net operating capital TNOC of $2200. What is thefree cash flow for this year?

a) $300

b) $600

c) $400

d) $500

e) $700

Answer & Explanation Solved by verified expert
3.7 Ratings (520 Votes)
Solution Answer is d 500 Working Notes Free cash flow for this year NOPAT of current year total net operating capital TNOC current year total net operating capital TNOC    See Answer
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Transcribed Image Text

Last year, Ashley Inc. had a NOPAT of $700 and total netoperating capital TNOC of $1800. This year, Ashley's has a NOPAT$900 and total net operating capital TNOC of $2200. What is thefree cash flow for this year?a) $300b) $600c) $400d) $500e) $700

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