Use the following data for the year ended 2023 to calculate free cash flow. Average # of common shares outstanding: 10,000 shares Capital expenditures : $20,000 Cash provided by operations : $28,000 Dividends paid : $0 Current assets : $ 180,000 Current liabilities : $100,000 Net income : $21,000 Net sales : $150,000 Total liabilities : $105,000 Total assets : $210,000 $ 23,000 $ 13,000 None of the listed choices are correct $ 8,000 $ 43,000
Use the following data for the year ended 2023 to calculate free cash flow. Average # of common shares outstanding: 10,000 shares Capital expenditures : $20,000 Cash provided by operations : $28,000 Dividends paid : $0 Current assets : $ 180,000 Current liabilities : $100,000 Net income : $21,000 Net sales : $150,000 Total liabilities : $105,000 Total assets : $210,000 $ 23,000 $ 13,000 None of the listed choices are correct $ 8,000 $ 43,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Use the following data for the year ended 2023 to calculate
Average # of common shares outstanding: 10,000 shares
Capital expenditures : $20,000
Cash provided by operations : $28,000
Dividends paid : $0
Current assets : $ 180,000
Current liabilities : $100,000
Net income : $21,000
Net sales : $150,000
Total liabilities : $105,000
Total assets : $210,000
$ 23,000
$ 13,000
None of the listed choices are correct
$ 8,000
$ 43,000
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