Harmon Industries reported net cash provided by operating activities of $342,000, capital expenditures of $175,800, cash dividends of $48,500, and average maturities of long-term debt over the next five years of $113,700. What is Harmon's free cash flow and cash flow adequacy ratio?

Harmon Industries reported net cash provided by operating activities of $342,000, capital expenditures of $175,800, cash dividends of $48,500, and average maturities of long-term debt over the next five years of $113,700. What is Harmon's free cash flow and cash flow adequacy ratio?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...

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I want to correct answer general accounting question

Harmon Industries reported net cash provided by operating
activities of $342,000, capital expenditures of $175,800, cash
dividends of $48,500, and average maturities of long-term debt over
the next five years of $113,700. What is Harmon's free cash flow and
cash flow adequacy ratio?

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