Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow
ID: 2642227 • Letter: P
Question
Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made at the beginning of 2016 are as follows:
(s) millions
2017
2018
2019
2020
2021
Net income
1.0
2.3
3.8
4.3
4.6
Investment
1.0
1.3
1.5
1.7
1.7
Free cash flow
0
1.0
2.3
2.6
2.9
Phoenix
Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made at the beginning of 2016 are as follows:
(s) millions
2017
2018
2019
2020
2021
Net income
1.0
2.3
3.8
4.3
4.6
Investment
1.0
1.3
1.5
1.7
1.7
Free cash flow
0
1.0
2.3
2.6
2.9
Phoenix
Explanation / Answer
Question is in code form......??????