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Calculate free cash flow. (Show a negative free cash flow with

Calculate free cash flow. (Show a negative free cash flow with

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $127,537,580 and sales revenue of $3,498,299,980 during 2022. Cash spent on plant asset additions during the year was $96,782,600. Calculate free cash flow. (*Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).*) **Free cash flow** $___________
Transcribed Image Text:Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $127,537,580 and sales revenue of $3,498,299,980 during 2022. Cash spent on plant asset additions during the year was $96,782,600. Calculate free cash flow. (*Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).*) **Free cash flow** $___________
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