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Determine Swiftys free cash flow. (If the amount is negative, display with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000)(need help with
Determine Swiftys free cash flow. (If the amount is negative, display with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000)(need help with part b)
Current Attempt in Progress The following is a condensed version of the comparative statements of financial position for Swifty Ltd. for the last 2 years at December 31 Camounts in millions). 2022 2021 Investments W 41,600 W59,200 238.400 192,000 Equipment Less: Accumulated depreciation-equipment (84,800) (71,200) Accounts receivable 144,000 148,000 Cash 125,600 62,400 Share capital-ordinary 128,000 128,000 Retained earnings 229,600 141,600 Current liabilities 107,200 120,000 Additional information Investments were sold at a loss of W45.400; no equipment was sold; cash dividends paid were W40,000, and net income was w128,000 (a) . Your answer is correct. Prepare a statement of cash flows for 2022 for Swifty Ltd. (Show amounts that decrease cash flows with either a-signes -15,000 or in parenthesis es (15,000. SWIFTY LTD Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Incom 128000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 13600 Loss on Sale of investments V 5800 Decrease in Accounts Receivable 4000 Decrease in Current Liabilities -13600 9600 Net Cash Provided by Operatine Activities 137600 Cash Flows from investing Activities Sale of Investments V 12000 Purchase of Euipment V -46400 Net Cash Used by investing Activities -34400 Cash Flows from Financing Activities Payment of Cash Dividends - 40000 Net Increase in Cash 63200 Cash at Beginning of Year 62400 Cash at End of Year V w 125600 e Textbook and Media Attempts: 2 of 2 used (b) Determine Swifty's free cash flow. (If the amount is negative, display with either a-signes -15,000 or in parenthesiseg. (15.0000 . ) Free cash flow wStep by Step Solution
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