Mary Jo Corporation reported cash from operations of ($ 300,000), cash used in investing of ($ 250,000),
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Mary Jo Corporation reported cash from operations of \(\$ 300,000\), cash used in investing of \(\$ 250,000\), and cash from financing of \(\$ 70,000\). In addition, cash spent for fixed 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) Capital expenditure ratio
(c) Current cash debt coverage ratio
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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