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$
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$
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 | $416,000 |
| Net cash flows used for investing activities | (429,000) | (380,000) |
| Net cash flows used for financing activities | (43,000) | (60,000) |
Of the net cash flows used for investing activities, 70% was used for the purchase of property, plant, and equipment.
a. Determine Dillin’s
| Line Item Description | 20Y2 | 20Y1 |
|---|---|---|
| Free cash flow | fill in the blank 1 of 2$ | fill in the blank 2 of 2$ |
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