Dillin Inc. reported the following on the company’s statement of cash flows in 20Y2 and 20Y1: Line Item Description 20Y2 20Y1 Net cash flows from operating activities $435,300  $416,000  Net cash flows used for investing activities (429,000) (380,000) Net cash flows used for financing activities (43,000) (60,000) Of the net cash flows used for investing activities, 70% was used for the purchase of property, plant, and equipment. a. Determine Dillin’s free cash flow for both years. Line Item Description 20Y2 20Y1 Free cash flow fill in the blank 1 of 2$ fill in the blank 2 of 2$

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

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

Line Item Description 20Y2 20Y1
Net cash flows from operating activities $435,300  $416,000 
Net cash flows used for investing activities (429,000) (380,000)
Net cash flows used for financing activities (43,000) (60,000)

Of the net cash flows used for investing activities, 70% was used for the purchase of property, plant, and equipment.

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

Line Item Description 20Y2 20Y1
Free cash flow fill in the blank 1 of 2$ fill in the blank 2 of 2$
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
steps

Unlock instant AI solutions

Tap the button
to generate a solution

Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education