Question
Statement of Cash Flows Year ended: 2019 Operating activities Net Income $312 Adjustments Depreciation expense 125 Changes in working capital Accounts receivable (60) Inventories (100)
| Statement of Cash Flows | |
| Year ended: | 2019 |
| Operating activities | |
| Net Income | $312 |
| Adjustments | |
| Depreciation expense | 125 |
| Changes in working capital | |
| Accounts receivable | (60) |
| Inventories | (100) |
| Accounts payable | 43 |
| Accrued taxes and expenses | 25 |
| Cash provided by operating activities | $345 |
| Investing activities | |
| Purchases of fixed assets | (250) |
| Cash provided by investing activities | ($250) |
| Financing activities | |
| Notes payable | 25 |
| Long-term financing issuances | 125 |
| Common stock dividends | (140) |
| Cash provided by financing activities | $10 |
| Cash and equivalents increase (decrease) | 105 |
| Cash and equivalents at beginning-of-year | 200 |
| Cash and equivalents at end-of-year | $305 |
| Other information: | |
| Interest expense | $50 |
| Tax rate | 40% |
- What is free cash flow to equity (FCFE) for Micro Chef?
- $200
- $215
- $225
- $245
- What is free cash flow to the firm (FCFF) for Micro Chef?
- $105
- $125
- $130
- $135
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Personal Finance
Authors: Jeff Madura
6th Edition
0134082915, 9780134082912
