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What is free cash flow for the year

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Arlington Corporation had EBIT this year of $48,452. The firm's depreciation expense was $8,543, and its tax rate was 38%. Arlington had a net fixed asset balance of $67,399 last year, and $56,265 this year. The company had current assets and operating current liabilities last year of $82,584 and $66,086 respectively. The current assets and operating current liabilities this year are $84,319 and $50,690 respectively. What is Arlington's Free Cash Flow for the year?

Reference no: EM131015971

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