Question: Accounting Operating activities: 2021 Net cash provided by operating activities 63,000 Cash flows used in Investing activities: Capital expenditures (35,000) Proceeds from sale of other

Accounting Operating activities: 2021 Net cash provided by operating activities 63,000 Cash flows used in Investing activities: Capital expenditures (35,000) Proceeds from sale of other assets 75,000 Deposits and purchases of other assets (3,100) Net cash used in investing activities 36,900 Cash flows from Financing Activities Increase (decrease) in bank overdraft (3300) Payments on Long-term debt and capital leases (900) Proceeds from share issues 30,500 Cash paid for treasury stock (20,000) Cash dividends paid to stockholders (58700) Net cash provided by financing activities (54,600) Net increase (decrease) in cash 45,300 Cash, beginning of period 19,000 Cash, end of period 64,300 Cash paid during the year for interest 3000 Tax rate = 35% What is the amount of free cash available for all debt and equity stakeholders?

Accounting Operating activities: 2021 Net cash provided by operating activities 63,000 Cash

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!