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I did this problem but I am not confident in my answer. Can someone please review? ampu ng fes cas fo s s d fine
I did this problem but I am not confident in my answer. Can someone please review?
ampu ng fes cas fo s s d fine c ng cash0 Use he balanc sheet and income statement for Abrahams Man actu ng Company to compute the m s free cash fo s and e financing cash flows, and interpret your results. Addlitional infonstion 1. The only entry in the accumulated depreciation account is for 2015 depreciation 2. The firm paid S25,908 in common stock dividends during 2015 FREE CASH FLOWS AAer-tax cash lows from oparations Operating income 67000 (20192 ax expense Atertax cash flows from oparations Change in net operating working capital Increase in current assets $ $ 5000 ) Increase in currant assets Change in non-interest bearing current labilities Increase in net operating working capital 500) 5000) chase of fixed assets 4.000 Free cash llows s2808 Calculate tha fnancing cash flows using the following tabla Round to the nearest dollar NOTE: Input cash inflaws as positive values and cash outflows as negative values) FINANCING CASH FLOWs Interest expense Repayment of long-term debt Increase in preferred stock Preferred gtock drMidends Cemmen slock dividends $ (3900 170000 121000 14000 25900 7192 Financing cash flows The fim generated pos tive cash flows from operations, which were more then used to invest in additional working capital and foced assets. This resulted in negative free cash flows, which had to be covered by acquinng more money from preferred stockholders s the abowe statement true ar fase? True(Select from the drop dowTI meu.) Choose trom any list or enter any number in the input helds and then continue to the nextStep by Step Solution
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