During 2022, Sheffield Corp. reported cash provided by operations of $842000, cash used in investing of $727000, and cash used in financing of $201000. In addition, cash spent on fixed assets during the period was $293000. Average current liabilities were $689000and average total liabilities were $1819000. No dividends were paid. Based on this information, what was Sheffield free cash flow?

($153000).

$549000.

$115000.

($640000).

Answer rating: 100% (QA)

549000 Free cash flow can be obtained by subtracting capital exp... View the full answer