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The following balances and amounts were taken from the financial statements of Ortiz, Inc. Capital expenditures $55,000 Cash provided by operations $ 90,000 Cash 100,000
The following balances and amounts were taken from the financial statements of Ortiz, Inc.
| Capital expenditures | $55,000 | Cash provided by operations | $ 90,000 | ||
| Cash | 100,000 | Net Income | 80,000 | ||
| Cash dividends paid | 20,000 |
How much free cash flow does the company have?
|
| $15,000 |
|
| $35,000 |
|
| $5,000 |
|
| $25,000 |
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Audit Guide Audit Sampling
Authors: AICPA
2nd Edition
195068833X, 978-1950688333
