Cost of goods sold 41000 Interest expense 139000 Income tax expense 76000 Operating profit 454000 Cash provided by operating activities 345000 Dividends paid 54000 Cash used by investing activities 128000 Skysong's free cash flow for 2021 is O $115000. O $546000. O $169000. O $217000.

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
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Summary financial information for Skysong Corporation for the year ended July 1, 2021 is listed below:
Profit
$297000
Depreciation expense
34000
Beginning inventory
97000
Ending inventory
00069
Cost of goods sold
41000
Interest expense
139000
Income tax expense
76000
Operating profit
454000
Cash provided by operating activities
345000
Dividends paid
54000
Cash used by investing activities
128000
Skysong's free cash flow for 2021 is
O $115000.
O $546000.
O $169000.
O $217000.
Transcribed Image Text:Summary financial information for Skysong Corporation for the year ended July 1, 2021 is listed below: Profit $297000 Depreciation expense 34000 Beginning inventory 97000 Ending inventory 00069 Cost of goods sold 41000 Interest expense 139000 Income tax expense 76000 Operating profit 454000 Cash provided by operating activities 345000 Dividends paid 54000 Cash used by investing activities 128000 Skysong's free cash flow for 2021 is O $115000. O $546000. O $169000. O $217000.
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