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Summary financial information for Cheyenne Corporation for the year ended July 1, 2021 is listed below: Profit $304000 Depreciation expense 34800 Beginning inventory 108000 Ending
Summary financial information for Cheyenne Corporation for the year ended July 1, 2021 is listed below:
Profit | $304000 | |
Depreciation expense | 34800 | |
Beginning inventory | 108000 | |
Ending inventory | 67000 | |
Cost of goods sold | 53000 | |
Interest expense | 133000 | |
Income tax expense | 81000 | |
Operating profit | 449000 | |
Cash provided by operating activities | 359000 | |
Dividends paid | 55000 | |
Cash used by investing activities | 125000 |
Cheyennes free cash flow for 2021 is
$234000.
$179000.
$124000.
$552800.
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