For 2020, a companys net capital spending was $3,400,000, its depreciation expense was $800,000, and...
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For 2020, a companys net capital spending was $3,400,000, its depreciation expense was $800,000, and its cash flow from operations was $7,000,000. The companys net working capital increased by $600,000 during 2020. The company had net fixed assets of $12,000,000 on December 31, 2019. What was the companys CFFA for 2020?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.
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