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S 1 points Exercise 13-3 (Algo) Calculating Free Cash Flow [LO13-3] Apex Company prepared the statement of cash flows for the current year that is
S 1 points Exercise 13-3 (Algo) Calculating Free Cash Flow [LO13-3] Apex Company prepared the statement of cash flows for the current year that is shown below: Operating activities: Net income. Apex Company Statement of Cash Flows-Indirect Method Adjustments to convert net income to cash basis: Depreciation $ 40,100 eBook $20,000 Increase in accounts receivable (60,500) Increase in inventory (25,300) Hint Decrease in prepaid expenses 9,300 Increase in accounts payable $3,000 Decrease in accrued liabilities (11,900) Increase in income taxes payable 4,100 Priet Net cash provided by (used in) operating activities (11,300) 20,000 Investing activities: Proceeds from the sale of equipment 14,600 Loan to Thomas Company (40,100) References Additions to plant and equipment (121,000) Net cash provided by (used in) investing activities (146,500) Financing activities: Increase in bonda payable Increase in common stock 89,700 38,400 Cash dividenda (28,900) Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents 99,200 (10,500) 27,500 Ending cash and cash equivalents $9,000 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow
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