value 15.00 points Exercise 12-3 Calculating Free Cash Flow [LO12-3] Apex Company prepared the statement...
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value 15.00 points Exercise 12-3 Calculating Free Cash Flow [LO12-3] Apex Company prepared the statement of cash flows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method Operating activities Net income $ 41.200 Adjustments to convert net income to cash basis $ 20,300 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable (60,600) (26,100) 9,200 53,100 (11.800) 5,000 (10,900) 30.300 Net cash provided by operating activities Investing activities Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 15,500 (41,800) (121,800) Net cash used for investing activities (148,100) activities Increase in bonds payable Increase in common stock Cash dividends 89,600 38,800 (29,700) 98,700 Net cash provided by financing activities Net decrease in cash Beginning cash balance (19,100) 27,900 Ending cash balance $ 8,800 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) O Type here to search
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