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Mashcka [7]
3 years ago
11

McMahon Inc. reported the following on the company's statement of cash flows in 2016 and 2015:

Business
1 answer:
podryga [215]3 years ago
3 0

Answer:

$137,200; $103,600

Explanation:

In 2015:

Free cash flow:

= Net cash flow from operating activity - Capital expenditure

= $294,000 - (70% × $224,000)

= $294,000 - $156,800

= $137,200

In 2016:

Free cash flow:

= Net cash flow from operating activity - Capital expenditure

= $280,000 - (70% × $252,000)

= $280,000 - $176,400

= $103,600

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