Free cash flowDillin Inc. reported the following on the company’s statement of cash flows in 20Y2 and 20Y1: 20Y220Y1Net cash flow from operating activities$476,200 $452,000 Net cash flow used for investing activities(429,000) (375,000) Net cash flow used for financing activities(45,000) (59,000) Eighty percent of the net cash flow used for investing activities was used for the purchase of property, plant, and equipment.a. Determine Dillin’s free cash flow for both years. 20Y220Y1Free cash flow$fill in the blank 1 $fill in the blank 2

>Free Cash Flow is the amount of Cash that is left after operating expenses and capital…

Answered: Dillin Inc. reported the following on…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter6: Cash And Internal Control

Section: Chapter Questions

Problem 6.2E

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Free cash flow

Dillin Inc. reported the following on the company’s statement of cash flows in 20Y2 and 20Y1:

	20Y2	20Y1
Net cash flow from operating activities	$476,200		$452,000
Net cash flow used for investing activities	(429,000)		(375,000)
Net cash flow used for financing activities	(45,000)		(59,000)

Eighty percent of the net cash flow used for investing activities was used for the purchase of property, plant, and equipment.

a. Determine Dillin’s free cash flow for both years.

	20Y2	20Y1
Free cash flow	$fill in the blank 1		$fill in the blank 2

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