Ask Question
28 October, 00:20

Suggett Corporation's net cash provided by operating activities was $34; its income taxes were $12; its capital expenditures were $24; and its cash dividends were $7. How much was the company's free cash flow? A. $77 B. $ (19) C. $3 D. $15

+2
Answers (1)
  1. 28 October, 00:22
    0
    Answer: Option (C) is correct.

    Explanation:

    Given that,

    Net cash provided by operating activities = $34

    Income taxes = $12

    Capital expenditures = $24

    Cash dividends = $7

    Free Cash Flow = Cash Provided by Operating Activities - Dividends - Capital Expenditure

    = $34 - $7 - $24

    = $3

    Therefore, the company's free cash flow was $3.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suggett Corporation's net cash provided by operating activities was $34; its income taxes were $12; its capital expenditures were $24; and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers