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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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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