Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $107,675,170 and sales revenue of $2,953,482,770 during 2022. Cash spent on plant asset additions during the year was $81,709,900. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ 25,965,270 %24

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $107,675,170 and sales revenue
of $2,953,482,770 during 2022. Cash spent on plant asset additions during the year was $81,709,900.
Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Free cash flow
$
25,965,270
%24
Transcribed Image Text:Suppose Canwest Global Communications Corp. reported net cash used by operating activities of $107,675,170 and sales revenue of $2,953,482,770 during 2022. Cash spent on plant asset additions during the year was $81,709,900. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $ 25,965,270 %24
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