During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had...
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During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had depreciation of $195,000. It also experienced an increase in current assets of $149,000 and an increase in accounts payable of $79,000. If operating cash flow (OCF) for the year was $701,000, calculate the firm's free cash flow (FCF) for the year. The free cash flow (FCF) is $ (Round to the nearest dollar.) During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had depreciation of $195,000. It also experienced an increase in current assets of $149,000 and an increase in accounts payable of $79,000. If operating cash flow (OCF) for the year was $701,000, calculate the firm's free cash flow (FCF) for the year. The free cash flow (FCF) is $ (Round to the nearest dollar.)
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