Question
Mike Co reports the following information: Net cash provided by operating activities---$430,000 Average current liabilites-----------------------$300,000 Average long-term liabilites-------------------$200,000 Dividends paid-----------------------------------$120,000 Capital expenditures---------------------------$220,000 Purchase of treasury
Mike Co reports the following information:
Net cash provided by operating activities---$430,000
Average current liabilites-----------------------$300,000
Average long-term liabilites-------------------$200,000
Dividends paid-----------------------------------$120,000
Capital expenditures---------------------------$220,000
Purchase of treasury stock------------------$22,000
Payments of debt-----------------------------$70,000
Mike's free cash flow is:
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
4th Edition
0324048610, 9780324048612
