Question
Marigold Co. reported the following items in the most recent year: Net income $49,000 Dividends paid 5,500 Increase in accounts receivable 13,000 Increase in accounts
Marigold Co. reported the following items in the most recent year: Net income $49,000 Dividends paid 5,500 Increase in accounts receivable 13,000 Increase in accounts payable 7,700 Purchase of equipment 8,100 Depreciation expense 4,200 Issue of notes payable for cash 30,000 Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividends paid are treated as financing activities. Marigold uses the indirect method for its Statement of Cash Flows. Net cash provided by operating activities? Net change in cash during the year? Free cash flow?
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