Lucas Company had net sales for the year of $450,500, cost of goods sold of $145,500, net income of $65,400, net cash provided by operating activities of $115,000, net cash used by investing activities of $55,200, capital expenditures of $40,500, and cash dividends of $24,500 in dividends for the year. What is the free cash flow for the year? Free Cash Flow Ratio

Lucas Company had net sales for the year of $450,500, cost of goods sold of $145,500, net income of $65,400, net cash provided by operating activities of $115,000, net cash used by investing activities of $55,200, capital expenditures of $40,500, and cash dividends of $24,500 in dividends for the year. What is the free cash flow for the year? Free Cash Flow Ratio

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 7BE

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