Laughlin’s Locks (LLL), Inc. has the following financial est…

Laughlin’s Locks (LLL), Inc. has the following financial estimates.  Calculate the free cashflow for LLL.   ($ in millions) Sales                                                                                   $920 Depreciation & Amortization % of sales                           4% EBITDA Margin                                                                  15% Increase/(decrease) in Net Working Capital                     12 Capital Expenditures % of sales                                        2.5% Tax Rate                                                                               25%  

Whitney Whitrock Watersports, Inc. (WWW) has asked you to ca…

Whitney Whitrock Watersports, Inc. (WWW) has asked you to calculate the increase or decrease in net working capital from 2020 to 2021.   WWW has provided the following information.   ($ in millions)                                           2020                             2021 Accounts Receivable                               $210                             $240 Accounts Payable                                    $112                             $115 Inventories                                               $234                             $228 Prepaid Expenses                                    $ 21                              $ 24 Accrued Liabilities                                   $110                             $145 Other Current Liabilities                          $ 70                              $ 62