Use the following excerpts from Franklin Company's statement of cash flows and other financial records. 2018 2017 Cash flows from operating activities $250,000 $227,000 Cash flows from investing activities (36,000) (37,000) Cash flows from financing activities 71,000 71,000 Capital expenditures were 50% of investing activities, both years Cash dividends paid were $20,000, both years Determine the company's free cash flow for 2018 and 2017.

Use the following excerpts from Franklin Company's statement of cash flows and other financial records. 2018 2017 Cash flows from operating activities $250,000 $227,000 Cash flows from investing activities (36,000) (37,000) Cash flows from financing activities 71,000 71,000 Capital expenditures were 50% of investing activities, both years Cash dividends paid were $20,000, both years Determine the company's free cash flow for 2018 and 2017.

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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