Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Estill Corporation had the following financial data at year-end: Cash flows from operating activities $52,500 Cash flows from investing activities 7,000 Cash flows from financing
-
Estill Corporation had the following financial data at year-end:
Cash flows from operating activities $52,500 Cash flows from investing activities 7,000 Cash flows from financing activities 12,000 Cash used to purchase property, plant, and equipment 14,280 Sales 550,275
What is Estill Corporation's ratio of free cash flow to sales?
- 1.0%
- 6.0%
- 6.9%
- 9.2%
Estill Corporation had the following financial data at year-end:
Cash flows from operating activities | $52,500 |
Cash flows from investing activities | 7,000 |
Cash flows from financing activities | 12,000 |
Cash used to purchase property, plant, and equipment | 14,280 |
Sales | 550,275 |
- 1.0%
- 6.0%
- 6.9%
- 9.2%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started