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Additional Information: 1. Net income for the year was $58,400. 1. Net income for the year was $58,400. 2. Cash dividends of $18,900 were declared
Additional Information: 1. Net income for the year was $58,400. 1. Net income for the year was $58,400. 2. Cash dividends of $18,900 were declared and paid during the year. 3. During the year, Beckwith issued $50,000 of notes payable and repaid $35,000 principal reloting to notes payabie: 4. Common stock was issued for $42,200 cash. 5. Depreciation expense was $20,350, and there were no disposals of equipment. Required: 1. Prepare a statement of cash flows (Indirect method) for Beckwith Products. Use a minus sign to indicate any decreases in cash or cash outflows. 2. Compute the following cash-based performance measures: a. Free cash flow b. Cash flow adequacy (Note: Assume that the average amount of debt maturing over the next 5 years is $85,000 ). Round ratio to two decimal places. Enter negative values as negative numbers
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