The management of Oriole Company is trying to decide whether it can increase its dividend. During the current year, it reported net income of $877,100. It had net cash provided by operating activities of $644,300, paid cash dividends of $83,100, and had capital expenditures of $275,800. Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
The management of Oriole Company is trying to decide whether it can increase its dividend. During the current year, it reported net income of $877,100. It had net cash provided by operating activities of $644,300, paid cash dividends of $83,100, and had capital expenditures of $275,800. Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The management of Oriole Company is trying to decide whether it can increase its dividend. During the current year, it
reported net income of $877,100. It had net cash provided by operating activities of $644,300, paid cash dividends of
$83,100, and had capital expenditures of $275,800.
Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number e.g.
-45 or parentheses e.g. (45).)
Free cash flow $
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