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.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 6EB: Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from...

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