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Free cash flow
Dillin Inc. reported the following on the companys statement of cash flows in 20Y2 and 20Y1:
| Line Item Description | 20Y2 | 20Y1 |
| Net cash flows from operating activities | $412,550 | $400,350 |
| Net cash flows used for investing activities | (427,000) | (379,000) |
| Net cash flows used for financing activities | (42,000) | (58,000) |
Of the net cash flows used for investing activities, 65% was used for the purchase of property, plant, and equipment.
a. Determine Dillins free cash flow for both years.
| Line Item Description | 20Y2 | 20Y1 |
| Free cash flow | fill in the blank 1 of 2$ | fill in the blank 2 of 2$ |
b. Has Dillins free cash flow improved or declined from 20Y1 to 20Y2?
DeclinedImproved
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