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clashofclans17
28.11.2019 •
Business
Selected data taken from a recent year’s financial statements of trading card company topps company, inc. are as follows (in millions). net sales $326.7 current liabilities, beginning of year 41.1 current liabilities, end of year 62.4 net cash provided by operating activities 10.4 total liabilities, beginning of year 65.2 total liabilities, end of year 73.2 capital expenditures 3.7 cash dividends 6.2 compute the free cash flow
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Ответ:
$0.5 million
Explanation:
Given: Net sales= $326.7 million
Current liabilities, beginning of year $41.1 million
Current liabilities, end of year $62.4 million
Net cash provided by operating activities $10.4 million
Total liabilities, beginning of year $65.2 million
Total liabilities, end of year $73.2 million
Capital expenditures $3.7 million
Cash dividends $6.2 million
Now, compute free cash flow.
Formula: Free cash flow=![(\textrm{ Net cash provided by operating activities - capital expenditure - cash dividend})](/tpl/images/0394/0035/d2170.png)
Free cash flow=![(10.4 - 3.7 - 6.2) = 10.4 - 9.9](/tpl/images/0394/0035/5bd78.png)
∴ Free cash flow= $0.5 million
Free cash flow of firm is useful to know the profitability of company excluding all non cash expense from firm´s income statement.
Ответ: