Question

Brief Exercise 17-09 Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investing activities of $148,900 (including cash spent for capital assets of $203,600), and net cash provided by financing activities of $79,700 Dividends of $128,000 were paid. Calculate free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash fl Your answer is incorrect. Try again. Molino Inc. reported sales revenue of $2 million for 2020. Accounts receivable decreased $200,000 and accounts payable increased $300,000. Compute cash receipts from customers, assuming that the receivable and payable transactions related to operations. Cash receipts from customers

Answer 1

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Exercise 17-09
Free Cash Flow	Net cash by Operating Activities-Capex-Cash Dividends	$                          29,600
	$361,200-$203,600-$128,000
Cash Receipt from Customers	Sales Revenue+ Decrease in Receivables	$                    2,200,000
	$2,000,000+$200,000