Question: In 2014 Andy s Corporation had year end assets of 2 400 000 sales

In 2014, Andy’s Corporation had year-end assets of $2,400,000, sales of $3,300,000, net income of $280,000, net cash flows from operating activities of $390,000, dividends of $120,000, purchases of plant assets of $500,000, and sales of plant assets of $90,000. In 2013, year-end assets were $2,100,000. Calculate free cash flow and the cash-generating efficiency ratios of cash flow yield, cash flows to sales, and cash flows to assets. (Round to one decimal point or the nearest tenth of a percent.)

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  • CreatedMarch 26, 2014
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