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Please calculate Free cash flow. Also Please show the calculation The following are the financial statements of Wildhorse Company. Liabilities and Shareholders' Equity. begin{tabular}{lrr} Accounts
Please calculate Free cash flow. Also Please show the calculation
The following are the financial statements of Wildhorse Company. Liabilities and Shareholders' Equity. \begin{tabular}{lrr} Accounts payable & $22,560 & $14,100 \\ Income taxes payable & 6,580 & 7,520 \\ Notes payable & 25,380 & 31,020 \\ Common shares & 16,920 & 13,160 \\ Retained earnings & 47,000 & 35,720 \\ Total & $118,440 & $101,520 \\ & & \\ \hline \end{tabular} Additional Information: 1. Dividends declared and paid were $18,800. Wildhorse reports under ASPE. 2. Duting the year, equipment was sold for $7,990 cash. This equipment cost $16.920 originally and had a carrying value of $7,990 at the time of sale. 3. All depreciation expense. $13.630, is in the operating expenses. 4. Alsales and purchases are on accouint Calculate free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. - Free cash flow Step by Step Solution
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