Chapter 4 15. Presented below is the Statement of Cash Flow for More Ongals Clothing Company MARGARETE ORIGINALS CLOTHING COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Cash flows from operating activities Received from sales to customers Interest income received Payment for inventory Payment to employees Net increase from operating activities Cash flows from investing activities Payment for stock of another company Payment for purchase of equipment Net decrease from investing activities 52.000.000 40.000 (320.000) R40.000 $ 1,480,000 200 000 Cash flows from financing activities Received from loans from bank From issuance of common stock From issuance of bonds Payment of dividends Net increase from financing activities $ 200.000 600.000 400.000 180.000 S.1.500.000 Net increase in cash Determine the company's free cash flow. A) (5600,000) B) ($520,000) C) $480,000 D) $680,000 16. Data from the financial statements of Dis Brothers Co and J. Cox, Inc. are presented below (in Million Total liabilities, 2016 Total liabilities, 2015 Total assets, 2016 Total assets, 2015 Net sales, 2016 Net income, 2015 Dils Brothers Co. $73,044 72,208 92,372 93.028 322,932 2,600 J. Cox Inc. $54 195 60,092 65,744 70.416 163,404 4.415 To the nearest hundredth of a percent, what is the return on sales ratio 2016 for J.Cox, Inc.? 17. The following amounts have been taken from the recent financial statements for Emma Enterprises Current liabilities $890,000 Cash from operations $4,200,000 Expenditures on PPE $1,500,000 Dividends (cash) $130,000 Which of the following amounts is the free cash flow for Emma Enterprises