Shrives Publishing recently reported $13,000 of sales, $5,500 of total operating costs (COGS + SG&A)...
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Finance
Shrives Publishing recently reported $13,000 of sales, $5,500 of total operating costs (COGS + SG&A) excluding depreciation, and $1,250 of depreciation. The company had $3,500 of bonds that carry a 6.25% interest rate and its income tax rate was 30%. During the year, the firm had expenditures on fixed assets and net operating working capital that totaled $1,550. These expenditures were necessary for it to sustain operations and generate future sales and cash flows. What was its free cash flow? (Round your intermediate and final answers to whole dollar amount.)
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