FINANCE-ABC company had the following information regarding their accounts.
QUESTION
Managerial Finance — Accounting for the rest of us ABC company had the following information regarding their accounts. Increase in accounts receivable of $10,200; decrease in supplies of $3,100; gains on sale of equipment of $7400; losses on sales of equipment of $630; net income of $63,150; increase in accounts payable of $3500, and depreciation of $12,340. In addition, expected capital expenditures are $12,000 and dividends are $7500. What is the free cash flow?
ANSWER:
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