Use the McKnight Exercise Equipment data in Exercises 14-19 and 14-20. McKnight plans to purchase a truck

Question:

Use the McKnight Exercise Equipment data in Exercises 14-19 and 14-20. McKnight plans to purchase a truck for $29,000 and a forklift for $121,000 next year.
Requirement
1. Calculate the amount of McKnight has for 2012.

Free Cash Flow
Free cash flow (FCF) represents the cash a company generates after accounting for cash outflows to support operations and maintain its capital assets. Unlike earnings or net income, free cash flow is a measure of profitability that excludes the...