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Q1) During year, Xero, Inc., experienced increase in net fixed assets of $300,000 and had depreciation of $200,000. It also experienced the increase in current assets of $150,000 and increase in accounts payable of $75,000. If operating cash flow (OCF) for year was $700,000, compute firm's free cash flow (FCF) for year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M920911

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