Business, 23.06.2020 19:01 kaitlynmeats
Garey, Inc. had sales for 2019 of $500,000, and EBITDA was 25% of sales. Furthermore, depreciation was $13,000, interest was $8,500, the corporate tax rate was 21%, and the company pays 10% of its net income as dividends. Given this information and the balance sheets below, calculate the free cash flow for 2019.a. $92,430 b. $98,080 c. $89,730 d. $91,280 e. none of the above is within $10 of the correct answer.
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Garey, Inc. had sales for 2019 of $500,000, and EBITDA was 25% of sales. Furthermore, depreciation w...
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