Burnbraid co recently reported operating income of 595, Financial Management

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Burnbraid co recently reported operating income of 595

Burnbraid Co. recently reported operating income of $5.95 million, depreciation of $1.20 million, and had a tax rate of 40%. The firm's expenditures on fixed assets and net operating working capital totaled $0.6 million. How much was its free cash flow, in millions?

a. $4.13

b. $4.38

c. $4.17

d. $3.63

e. $3.59

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Financial Management: Burnbraid co recently reported operating income of 595

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Financial Management: Burnbraid co recently reported operating income of 595

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