Question
The management of Morrow Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $873,600.
The management of Morrow Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $873,600. It had net cash provided by operating activities of $646,900, paid cash dividends of $75,000, and had capital expenditures of $278,100.
Compute the company's free cash flow.
Free cash flow $
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Cambridge IGCSE And O Level Accounting Coursebook
Authors: Catherine Coucom
2nd Edition
1316502775, 978-1316502778
