How much free cash flow did the firm generate

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Reference no: EM131317120

Hartzell Inc. had the following data for 2010, in millions: Net income = $600; after-tax operating income [EBIT (1-T)] = $700; and Total assets = $2,000. Information for 2011 is as follows: Net income = $825; after-tax operating income [EBIT (1-T)] = $1,125; and Total assets = $2,500. How much free cash flow did the firm generate during 2011?

a) 625

b) 494

c) 644

d) 675

E) 481

Reference no: EM131317120

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