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vladimir2022 [97]
3 years ago
13

During 2022, Pharoah Company reported cash provided by operations of $985000, cash used in investing of $851000, and cash used i

n financing of $236000. In addition, cash spent on fixed assets during the period was $342000. Average current liabilities were $806000 and average total liabilities were $2128000. No dividends were paid. Based on this information, what was Pharoah free cash flow
Business
1 answer:
a_sh-v [17]3 years ago
5 0

Answer:

$643,000

Explanation:

Calculation for Pharoah free cash flow

Using this formula

Free Cash flow =Cash provided by operations -Cash spent on fixed assets

Let plug in the formula

Free cash flow=$985000-$342000

Free cash flow=$643,000

Therefore Pharoah free cash flow will be $643,000

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