he following amounts have been taken from the recent financial statements for Daniel Enterprises: Current liabilitie...
he following amounts have been taken from the recent financial statements for Daniel Enterprises:
|
Current liabilities |
Cash from operations |
Expenditures on PPE |
Dividends (cash) |
|
$1,335,000 |
$6,300,000 |
$2,250,000 |
$195,000 |
Which of the following amounts is the free cash flow for Daniel
Enterprises?
Select one:
A. $795,000
B. $990,000
C. $4,050,000
D. $3,075,000
Homework Answers
|
Free cash flow = Cash flow from operating activities - Capital expenditures = 6,300,000 - 2,250,000 = 4,050,000 Option C is the answer |
|
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he following amounts have been taken from the recent financial statements for Daniel Enterprises: Current liabilitie...
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