Alliance Atlantis Communications Inc. reported cash provided by operating activities of $123,100,000 and revenues of $1,175,400,000 during 2006. Cash spent on plant asset additions during the year was $20,800,000. Calculate free cash flow.
Alliance Atlantis Communications Inc. reported cash provided by operating activities of $123,100,000 and revenues of $1,175,400,000 during 2006. Cash spent on plant asset additions during the year was $20,800,000. Calculate free cash flow.
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
ChapterMB: Model-building Problems
Section: Chapter Questions
Problem 14M
Question
100%
answer this financial accounting question

Transcribed Image Text:Alliance Atlantis
Communications Inc.
reported cash provided by operating
activities of $123,100,000 and revenues
of $1,175,400,000 during 2006. Cash spent
on plant asset additions during the year
was $20,800,000. Calculate free cash flow.
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