E12-10Information for two companies in the same industry, Merrill Corporation and Wingate Corporation, is presented here.

Information for two companies in the same industry, Merrill Corporation and Wingate Corporation, is presented here. E12-10 Merrill Corporation Wingate Corporation Net cash provided by operating activities S 80,000 Average current liabilities Net income Capital expenditures Dividends paid Instructions Compute free cash flow for both companies and compare. Compute cash provided by operating activitiesdirect method. 50,000 200,000 40,000 5,000 $100,000 100,000 200,000 70,000 10,000