(L.OBJ. 3) Computing the change in cash [5 min]
Roberta McLeary Company expects the following for 2011:
• Net cash provided by operating activities of $156,000
• Net cash provided by financing activities of $63,000
• Net cash used for investing activities of $78,000 (no sales of long-term assets)
Requirement
1. How much free cash flow does McLeary expect for 2011?
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