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GaryK [48]
3 years ago
10

During 2017, Ecuyer Industries reported cash provided by operations of $794,000, cash used in investing of $686,000, and cash us

ed in financing of $190,000. In addition, cash spent for fixed assets during the period was $276,000. Average current liabilities were $650,000 and average total liabilities were $1,716,000. No dividends were paid. Based on this information, what was Ecuyer's free cash flow?
Business
1 answer:
marshall27 [118]3 years ago
5 0

Answer:

$518,000

Explanation:

Data provided in the question:

cash provided by operations = $794,000

Cash used in investing = $686,000

Cash used in financing = $190,000

cash spent for fixed assets during the period = $276,000

Average current liabilities = $650,000

Average total liabilities = $1,716,000

Now,

Ecuyer's free cash flow

                Particulars                                                             Amount

          Cash provided by operations                                  $794,000

Less:  Cash spent for fixed assets during the period       $276,000

==============================================================

Ecuyer's free cash flow                                                       $518,000

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