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Flounder Beverage Company reported the following items in the most recent year. Net income $45,600 Dividends paid 6,730 Increase in accounts receivable 13,350 Increase in
Flounder Beverage Company reported the following items in the most recent year.
Net income | $45,600 | |
Dividends paid | 6,730 | |
Increase in accounts receivable | 13,350 | |
Increase in accounts payable | 8,450 | |
Purchase of equipment (capital expenditure) | 9,070 | |
Depreciation expense | 5,450 | |
Issue of notes payable | 23,890 |
1) Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
2) Compute free cash flow
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