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Cash-Generating Efficiency Ratios and Free Cash Flow In 2014, Andy's Corporation had year-end assets of $2,400,000, sales of $3,300,000, net income of $280,000, net cash
Cash-Generating Efficiency Ratios and Free Cash Flow
In 2014, Andy's Corporation had year-end assets of $2,400,000, sales of $3,300,000, net income of $280,000, net cash flows from operating activities of $390,000, dividends of $120,000, purchases of plant assets of $500,000, and sales of plant assets of $90,000. In 2013, year-end assets were $2,100,000. Calculate free cash flow and the cash-generating efficiency ratios of cash flow yield, cash flows to sales, and cash flows to assets. Round all your answers to one decimal place except for free cash flow. If required, use the minus sign to indicate a negative cash flowStep by Step Solution
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