Question

Free Cash Flow Iron Ore Corp. reported free cash flows for 2018 of $99 million and...

Free Cash Flow Iron Ore Corp. reported free cash flows for 2018 of $99 million and investment in operating capital of $194 million. Iron Ore listed $44 million in depreciation expense and $46 million in taxes on its 2018 income statement. What was Iron Ore's 2018 EBIT?

Multiple Choice

  • $295 million

  • $383 million

  • $143 million

  • $293 million

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Answer #1

So, the Iron ore's 2018 EBIT was $295 million .

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