Question
20. For 2019, a companys depreciation expense was $1,600,000, cash flow from operations was $14,000,000, and net capital spending was $6,800,000. During 2019, the companys
20. For 2019, a companys depreciation expense was $1,600,000, cash flow from operations was $14,000,000, and net capital spending was $6,800,000. During 2019, the companys net working capital increased by $1,200,000. On December 31, 2018, the company had net fixed assets of $24,000,000. What was the companys CFFA for 2019?
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
