Suppose that you have been provided with the following financial information about a company. 2019 2020 Common
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Question:
Suppose that you have been provided with the following financial information about a company.
2019 | 2020 | |
Common Shareholders’ Equity (S/E) | 352 | 323 |
Cash dividends | 50 | 20 |
Common share repurchases | 0 | 45 |
Common share issues | 13 | 60 |
In addition to this information, you have also been informed that the company has net financial obligations (NFO) of 25 in 2019 and 35 in 2020, and net financial expenses of 3 in 2019 and 4 in 2020. Based on this information, what is the company’s free cash flow (FCF) for 2020?
1. | -30 | |
2. | -24 | |
3. | -39 | |
4. | -1 |
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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