Ask Question
25 June, 13:52

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

+4
Answers (1)
  1. 25 June, 16:38
    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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers