During 2017, Skysong, Inc. reported cash provided by operations of $651000, cash used in investing of...
During 2017, Skysong, Inc. reported cash provided by operations of $651000, cash used in investing of $563000, and cash used in financing of $156000. In addition, cash spent for fixed assets during the period was $226000. Average current liabilities were $533000 and average total liabilities were $1407000. No dividends were paid. Based on this information, what was Skysong free cash flow?
a. $88000.
b. $425000.
c. $118000.
d. $-495000.
Homework Answers
b. $425000.
Free cash flow = Cash provided by operations - Fixed asset purchased = $651,000 - $226,000 = $425,000
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During 2017, Skysong, Inc. reported cash provided by operations
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