CH.12 #1

Comparative financial statement data for carmono Company follow. For this year, the company reported net income as follows: This year Carmono declared and paid a cash dividend. There were no sales of propensity, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Required: Using the indirect method, prepare a statement of cash flows for this year. Compute Carnono's free cash flow for this year