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The management of Sweet Acacia Industries is trying to decide whether it can increase its dividend. During the current year, it reported net income of $883,000. It had net cash provided by operating activities of $742,000, paid cash dividends of $100,000, and had capital expenditures of $317.000. (a1) 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 $ 466000

The management of Sweet Acacia Industries is trying to decide whether it can increase its dividend. During the current year, it reported net income of $883,000. It had net cash provided by operating activities of $742,000, paid cash dividends of $100,000, and had capital expenditures of $317.000. (a1) 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 $ 466000

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 Sweet Acacia Industries is trying to decide whether it can increase its dividend. During the current year, it reported net income of $883,000. It had net cash provided by operating activities of $742,000, paid cash dividends of $100,000, and had capital expenditures of $317,000. (a1) 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 S 466000
Transcribed Image Text:The management of Sweet Acacia Industries is trying to decide whether it can increase its dividend. During the current year, it reported net income of $883,000. It had net cash provided by operating activities of $742,000, paid cash dividends of $100,000, and had capital expenditures of $317,000. (a1) 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 S 466000
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