Question
Packard Corporation reports the following information: Net cash provided by operating activities $762,500 Average current liabilities 150,000 Average long-term liabilities 180,000 Dividends paid 60,000 Capital
Packard Corporation reports the following information:
Net cash provided by operating activities $762,500 Average current liabilities 150,000 Average long-term liabilities 180,000 Dividends paid 60,000 Capital expenditures 477,500 Payments of debt 35,000
Packards free cash flow is
a. $225,000
b. $165,000
c. $275,000
d. $592,500
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Internal Auditing An Integrated Approach
Authors: Richard E. Cascarino
2nd Edition
0702172693, 978-0702172694
