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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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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