Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

During the past year, Ferguson Inc.'s accounts receivables increased by $7,000, inventory decreased by $1,000, fixed assets decreased by $7,000, accumulated depreciation decreased by $4,000

image text in transcribed

During the past year, Ferguson Inc.'s accounts receivables increased by $7,000, inventory decreased by $1,000, fixed assets decreased by $7,000, accumulated depreciation decreased by $4,000 while accounts payable decreased by $3,000. What was the effect on Free Cash Flows from changes in net operating working capital over the year

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 Finance questions