Based on the information contained in these financial statements, compute free cash flow for each company (Columbia & VF Corporation) AND What conclusions concerning the management of cash can be drawn from free cash flow for each company? THE INCOME AND BALANCE STATEMENTS FOR BOTH COMPANIES ARE BELOW : FREE CASH FLOW CAN BE DETERMINED: The generic Free Cash Flow FCF Formula is equal to Cash from Operations. Operating activities include generating revenue, paying expenses, and funding working capital. minus Capital Expenditures ETC. SEE TABLES BELOW: