Question
1... Please help me with this question! Also, please show all work with answer, thank you! Based on the following, what is free cash flow?
1... Please help me with this question! Also, please show all work with answer, thank you!
Based on the following, what is free cash flow?
Net cash flow from operating activities $318,000 Net cash flow used for investing activities (30,000) Net cash flow from financing activities30,000
Cash flows from operations include $2,000 for depreciation. Cash flows from investing include the purchase of a replacement asset for $100,000 and the sale of the one used in production, which is now obsolete, for $70,000.Cash flows from financing include $70,000 of borrowing.
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