During 2025, Pharoah Industries reported cash provided by operations of $985000, cash used in investing of $851000, and cash used in financing of $236000. In addition, cash spent on plant assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah's free cash flow? $643000 ($748000) ($179000) $134000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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During 2025, Pharoah Industries reported cash provided by operations of $985000, cash used in investing of $851000, and cash used
in financing of $236000. In addition, cash spent on plant assets during the period was $342000. Average current liabilities were
$806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah's free
cash flow?
$643000
($748000)
($179000)
$134000
Transcribed Image Text:During 2025, Pharoah Industries reported cash provided by operations of $985000, cash used in investing of $851000, and cash used in financing of $236000. In addition, cash spent on plant assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah's free cash flow? $643000 ($748000) ($179000) $134000
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