Question: Additional Brief Exercise 227 Selected data taken from the 2017 financial statements of Phillips Card Company, Inc. are as follows (in millions). Net sales Net

Additional Brief Exercise 227 Selected data taken from the 2017 financial

Additional Brief Exercise 227 Selected data taken from the 2017 financial statements of Phillips Card Company, Inc. are as follows (in millions). Net sales Net cash provided by operating activities 17.0 Capital expenditures Cash dividends $295.9 2.6 6.5 Compute these ratios at February 20, 2017: (Round to 1 decimal place, e.g. 5.1) Free cash flow

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