Information for two companies in the same industry, Merrill Corporation and Wingate Corporation, is presented here. LO11

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Information for two companies in the same industry, Merrill Corporation and Wingate Corporation, is presented here. LO11 Merrill Wingate Corporation Corporation Net cash provided by operating activities $ 80,000 $100,000 Average current liabilities 50,000 100,000 Net income 200,000 200,000 Capital expenditures 40,000 70,000 Dividends paid 5,000 10,000 Instructions Compute free cash flow for both companies and compare.

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Financial Accounting

ISBN: 9781118953907

8th Edition

Authors: Paul D Kimmel, Jerry J Weygandt, Donald E Kieso

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