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Unformatted text preview: outstanding • Free Cash Flow (FCF) = EBIT(1-T) + Depreciation – (capital expenditures + increase in net working capital) • EBT (Earnings before taxes) = Net Income / (1-T) • Ending Retained Earnings = (Beginning Retained Earnings + Net Income) – Dividends • Statement of Cash Flows = Operating Activities + Long-term Investing Activities + Financing Activities • Dividends = net income – any changes in Retained Earnings...
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- Spring '11
- Net Income, Generally Accepted Accounting Principles, ea, Ea rnings