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The management of Sheridan Company is trying to decide whether it can increase its dividend. During the current year, it reported net income of $805,900. It had net cash provided by operating activities of $784,300, paid cash dividends of $89,500, and had capital expenditures of $328,400. Compute the company's free cash flow. (Show a negative free cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) The company's free cash flow

The management of Sheridan Company is trying to decide whether it can increase its dividend. During the current year, it reported net income of $805,900. It had net cash provided by operating activities of $784,300, paid cash dividends of $89,500, and had capital expenditures of $328,400. Compute the company's free cash flow. (Show a negative free cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) The company's free cash flow

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The management of Sheridan Company is trying to decide whether it can increase its dividend. During the current year, it reported net income of $805,900. It had net cash provided by operating activities of $784,300, paid cash dividends of $89,500, and had capital expenditures of $328,400. Compute the company's free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) The company's free cash flow
Transcribed Image Text:The management of Sheridan Company is trying to decide whether it can increase its dividend. During the current year, it reported net income of $805,900. It had net cash provided by operating activities of $784,300, paid cash dividends of $89,500, and had capital expenditures of $328,400. Compute the company's free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) The company's free cash flow
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