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SOURCES ework Part ( Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017
SOURCES ework Part ( Exercise 17-9 (Part Level Submission) Rodriquez Corporation's comparative balance sheets are presented below. RODRIQUEZ CORPORATION Comparative Balance Sheets December 31 2017 2016 Cash $16,700 $17,500 Accounts receivable 25,100 22,300 Investments 19,850 15,850 Equipment 60,050 69,950 Accumulated depreciation-equipment (14,150 ) (10,100 ) Total $107,550 $115,500 ey Study Accounts payable Bonds payable Common stock Retained earnings Total $14,750 11,000 49,900 31,900 $107,550 $11,150 30,000 45,300 29,050 $115,500 Additional information: 1. Net income was $18,250. Dividends declared and paid were $15,400. 2. Equipment which cost $9,900 and had accumulated depreciation of $2,000 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2017, Attempts: (b) Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -15 or parentheses e.g. (15).) Free cash flow Click if you would like to show Work for this question: Modity Show Work LINK TO TEXT LINK TO TEXT
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