In a recent year, Global Tech Corporation reported cash provided by operating activities of $287,500,000, cash used in investing of $183,200,000, and cash provided by financing of $42,700,000. In addition, cash spent for fixed assets during the period was $156,400,000. No dividends were paid. Calculate free cash flow.

In a recent year, Global Tech Corporation reported cash provided by operating activities of $287,500,000, cash used in investing of $183,200,000, and cash provided by financing of $42,700,000. In addition, cash spent for fixed assets during the period was $156,400,000. No dividends were paid. Calculate free cash flow.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter14: Statement Of Cash Flows

Section: Chapter Questions

Problem 36E: During the year, Hepworth Company earned a net income of 61,725. Beginning and ending balances for...

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