Free cash flow Dillin Inc. reported the following on the company's statement of cash flows...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Free cash flow Dillin Inc. reported the following on the company's statement of cash flows in 2012 and 20Y1: 2042 2041 Net cash flow from operating activities $472,000 $451,000 Net cash flow used for investing activities (425,000) (375,000) Net cash flow used for financing activities (44,000) (55,000) Eighty percent of the net cash flow used for investing activities was used for the purchase of property, plant, and equipment. a. Determine Dillin's free cash flow for both years. 2012 20Y1 Free cash flow b. Has Dillin's free cash flow improved or declined from 20Y1 to 20Y2? Declined
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!
