Question
The following amounts have been taken from the recent financial statements for Sammie Enterprises: Current liabilities Cash from operations Expenditures on PPE Dividends (cash) $890,000
The following amounts have been taken from the recent financial statements for Sammie Enterprises:
| Current liabilities | Cash from operations | Expenditures on PPE | Dividends (cash) |
| $890,000 | $2,050,000 | $500,000 | $130,000 |
Which of the following amounts is the free cash flow for Sammie Industries?
| A. | $ 530,000 | |
| B. | $2,050,000 | |
| C. | $ 660,000 | |
| D. | $1,550,000 |
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0471730513, 978-0471730514
