Question: Comparative financial statement data for Carmono Company follow: For this year, the company reported net income as follows: table [ [ Sales ] ,
Comparative financial statement data for Carmono Company follow:
For this year, the company reported net income as follows:
tableSalesCost of goods soldGross margin
This year Carmono paid a cash dividend but it did not sell any property, plant, and equipment or repurchase any of its own stock.
Required:
Using the indirect method, prepare a statement of cash flows for this year.
Compute Carmono's free cash flow for this year.
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Using the indirect method, prepare a statement of cash flows for this year.
Note: List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to decimal places.
Carmono Company
Statement of Cash Flows
For This Year Ended December
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