Question
During 2020, Rayan Industries reported net decrease in cash of $185,000, cash used in investing of $950,000, and cash used in financing of $135,000. In
During 2020, Rayan Industries reported net decrease in cash of $185,000, cash used in investing of $950,000, and cash used in financing of $135,000. In addition, cash spent for fixed assets during the period was $420,000. No dividends were paid. Based on this information, what was Rayan's free cash flow?
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Financial Accounting An International Introduction
Authors: David Alexander
7th Edition
129229583X, 978-1292295831
