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Problem:

XWY Company had the following info regarding their accounts. Increase in accounts receivable of $10,200; decrease in supplies of $3,100; gains on sale of equipment of $7,400; losses on sales of equipment of $630; net income of $63,150; increase in accounts payable of $3,500; and depreciation of $12,340. In addition, expected cash expenditures are $12,000 and dividends are $7,500.

Required:

Question: What is the free cash flow?

Note: Show all workings.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91163605

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