Question
Suppose the following data were taken from the 2017 and 2016 financial statements of American Eagle Outfitters . (All numbers, including share data, are in
Suppose the following data were taken from the 2017 and 2016 financial statements ofAmerican Eagle Outfitters. (All numbers, including share data, are in thousands.)
20172016Current assets$867,300$994,950Total assets1,906,3001,854,950Current liabilities413,000368,500Total liabilities567,700521,800Net income173,000407,500Net cash provided by operating activities302,000492,800Capital expenditures263,000285,900Dividends paid on common stock79,000125,200Weighted-average shares outstanding204,000215,100
Calculate the free cash flow for each year.(Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
2017
2016
Free cash flow$
$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started