Manning Company reported the following information for 2019: Cash provided by operating $425,000 activities Cash used by investing $200,000 activities Average debt maturing over the $80,000 next 5 years Capital expenditures $275,000 Cash dividends $60,000 Required: Compute free cash flow and the cash flow adequacy ratio.
Manning Company reported the following information for 2019: Cash provided by operating $425,000 activities Cash used by investing $200,000 activities Average debt maturing over the $80,000 next 5 years Capital expenditures $275,000 Cash dividends $60,000 Required: Compute free cash flow and the 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 32BE
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Compute free cash flow and the cash flow adequacy ratio.
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