Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dora Inc. reported the following on the companys cash flow statement: Line Item Description Amount Net cash flows from operating activities $330,000 Net cash flows

Dora Inc. reported the following on the companys cash flow statement:

Line Item Description Amount
Net cash flows from operating activities $330,000
Net cash flows used for investing activities (160,000)
Net cash flows used for financing activities (220,000)

Sixty percent of the net cash flows used for investing activities was to maintain existing productive capacity. What is the companys free cash flow?

a. $170,000

b. $234,000

c. $110,000

d. $426,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions