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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