Cost of goods sold 41000 Interest expense 139000 Income tax expense 76000 Operating profit 454000 Cash provided by operating activities 345000 Dividends paid 54000 Cash used by investing activities 128000 Skysong's free cash flow for 2021 is O $115000. O $546000. O $169000. O $217000.

Cost of goods sold 41000 Interest expense 139000 Income tax expense 76000 Operating profit 454000 Cash provided by operating activities 345000 Dividends paid 54000 Cash used by investing activities 128000 Skysong's free cash flow for 2021 is O $115000. O $546000. O $169000. O $217000.

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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Question

Summary financial information for Skysong Corporation for the year ended July 1, 2021 is listed below:
Profit
$297000
Depreciation expense
34000
Beginning inventory
97000
Ending inventory
00069
Cost of goods sold
41000
Interest expense
139000
Income tax expense
76000
Operating profit
454000
Cash provided by operating activities
345000
Dividends paid
54000
Cash used by investing activities
128000
Skysong's free cash flow for 2021 is
O $115000.
O $546000.
O $169000.
O $217000.

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