Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Apex Company prepared the statement of cash flows for the current year that is shown below: $ 41,800 $ 21,700 (61, 800) (26, 800) 10,100

image text in transcribed
Apex Company prepared the statement of cash flows for the current year that is shown below: $ 41,800 $ 21,700 (61, 800) (26, 800) 10,100 55,000 (10, 200) 3, 900 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert not income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payablo Not can provided by used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by used in) investing activities Financing activities Increase in bonds payable Indrease in common stock Canh dividends Net cath provided by used in financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalente (8,100) 33,700 15,600 (41,400) (120, 300) 146, 100) 88,600 38,500 (29, 800) 97,300 (15,100) 27, 900 $ 12,800 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Authors: K. Widerquist, M. Howard

2nd Edition

0230112072, 9780230112070

More Books

Students also viewed these Accounting questions

Question

=+c) Compute the CV and RRR for each decision.

Answered: 1 week ago

Question

Are there any changes you would recommend in the selection process?

Answered: 1 week ago