During 2014, Harvey Industries reported cash provided from operations of $670,000, cash used on investments...

60.1K

Verified Solution

Question

Accounting

  1. During 2014, Harvey Industries reported cash provided from operations of $670,000, cash used on investments of $1,039,000, and cash used on financing of $145,000. In addition, cash spent on fixed assets during the period was $404,000. No dividends were paid. 

  2. Based on this information, what was Harvey's free cash flow?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students