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A firm with no net debt reports cash flow from operations of $5,400 million in its cash flow statement after adding $1,700 million in accruals to earnings. It reported cash investments in operations of $3,200 million. What were the firm's free cash flow and earnings for the period? a. Free cash flow: $2,200 million; Earnings: $3,700 million b. Free cash flow: $2,000 million; Earnings: $3,900 million c. Free cash flow: $2,200 million; Earnings: $3,900 million d. Free cash flow: $2,000 million; Earnings: $3,700 million

A firm with no net debt reports cash flow from operations of $5,400 million in its cash flow statement after adding $1,700 million in accruals to earnings. It reported cash investments in operations of $3,200 million. What were the firm's free cash flow and earnings for the period? a. Free cash flow: $2,200 million; Earnings: $3,700 million b. Free cash flow: $2,000 million; Earnings: $3,900 million c. Free cash flow: $2,200 million; Earnings: $3,900 million d. Free cash flow: $2,000 million; Earnings: $3,700 million

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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A firm with no net debt reports cash flow from operations of $5,400 million in its cash flow statement after adding $1,700 million in accruals to earnings. It reported cash investments in operations of $3,200 million. What were the firm's free cash flow and earnings for the period? a. Free cash flow: $2,200 million; Earnings: $3,700 million b. Free cash flow: $2,000 million; Earnings: $3,900 million c. Free cash flow: $2,200 million; Earnings: $3,900 million d. Free cash flow: $2,000 million; Earnings: $3,700 million
Transcribed Image Text:A firm with no net debt reports cash flow from operations of $5,400 million in its cash flow statement after adding $1,700 million in accruals to earnings. It reported cash investments in operations of $3,200 million. What were the firm's free cash flow and earnings for the period? a. Free cash flow: $2,200 million; Earnings: $3,700 million b. Free cash flow: $2,000 million; Earnings: $3,900 million c. Free cash flow: $2,200 million; Earnings: $3,900 million d. Free cash flow: $2,000 million; Earnings: $3,700 million
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