E44 During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had

Question:

E4–4 During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had depreciation of $200,000. It also experienced an increase in current assets of $150,000 and an increase in accounts payable and accruals of $75,000. If operating cash flow (OCF)

for the year was $700,000, calculate the firm’s free cash flow (FCF) for the year.

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