Burkhalter Inc. reported the following on the companys statement of cash flows in Year 2 and Year

Question:

Burkhalter Inc. reported the following on the company’s statement of cash flows in Year 2 and Year 1:

Seventy percent of the net cash flow used for investing activities was used to replace existing capacity.

a. Determine Burkhalter’s free cash flow for both years.

b. Has Burkhalter’s free cash flow improved or declined from Year 1 to Year 2?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 14, 2021 06:14 AM

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Burkhalter Inc. reported the following on the companys statement of cash flows in Year 2 and Year

Question:

Year 1 Net cash flows from operating activities Net cash flows used for investing activities Net cash flows used for financing activities Year 2 $ 385,000 (293,000) (83.000) $ 367,000 (330,000) (55,000)

Step by Step Answer:

a Year 2 Year 1 Net cash flow from operating activities 385000 ...View the full answer

Accounting

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