Question
Dexter Corporation ended the year with a net income of $500,000. Calculated in this net income number is $50,000 in depreciation expense. Over the year
Dexter Corporation ended the year with a net income of $500,000. Calculated in this net income number is $50,000 in depreciation expense. Over the year Dexter increased its current assets by $50,000 and increased its current liabilities by $20,000. Additionally, Dexter invested $90,000 in plant property and equipment. What is Dexters free cash flow for the year?
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Financial Accounting The Cornerstone Of Business Decision Making
Authors: Jay S Rich, Jeff Jones, Linda Ann Myers
5th Edition
0357132696, 978-0357132692
