Question: Cash Flow and Earnings: Kimberly-Clark Corporation (Easy) Kimberly-Clark Corporation (KMB) manufactures and markets consumer paper products under brand names that include Kleenex, Scott, Cottormelle, Viva, Kotex, and WypAll. For fiscal year 2004, the firm reported the following numbers (in millions):
The cash investment section of the 2004 cash statement was reported as follows (in millions):
The firm has a combined federal and state tax rate of35.6 percent. Calculate:
a. Free cash flow generated in 2004.
b. The accrual component of 2004 net income.