Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. During 2010, Jennifer Industries reported cash provided by operations of $230,000,000, cash used in investing of $343,000,000, and cash used in financing of $45,000,000.
5. During 2010, Jennifer Industries reported cash provided by operations of $230,000,000, cash used in investing of $343,000,000, and cash used in financing of $45,000,000. In addition, cash spent for fixed assets during the period was $138,000,000. Average current liabilities were $325,000,000 and average total liabilities were $858,000,000. No dividends were paid. Based on this information, what was Jennifer's free cash flow?
$92,000,000 | |
($1,113,000) | |
$480,000,000 | |
($296,000,000) |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started