Jain Corporation reported cash provided by operating activities of $300,000, cash used by investing activities of $250,000,

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Jain Corporation reported cash provided by operating activities of $300,000, cash used by investing activities of $250,000, and cash provided by financing activities of $70,000. In addition, cash spent for capital assets during the period was $200,000. Average current liabilities were $150,000, and average total liabilities were $225,000. No dividends were paid. Calculate these values:
(a) Free cash flow.
(b) Current cash debt coverage ratio.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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