Chasse Building Supply Inc. reported net cash provided by operating activities of $256,000, capital expenditures of $124,900, cash dividends of $33,200, and average maturities of long-term debt over the next five years of $134,300. What is Chasse's free cash flow and cash flow adequacy ratio? a. $97,900 and 0.73, respectively. b. $97,900 and 1.91, respectively. c. $131,100 and 0.98, respectively. d. $164,300 and 1.22, respectively.
Chasse Building Supply Inc. reported net cash provided by operating activities of $256,000, capital expenditures of $124,900, cash dividends of $33,200, and average maturities of long-term debt over the next five years of $134,300. What is Chasse's free cash flow and cash flow adequacy ratio? a. $97,900 and 0.73, respectively. b. $97,900 and 1.91, respectively. c. $131,100 and 0.98, respectively. d. $164,300 and 1.22, respectively.
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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