Question: please help with this Ch. 14: Guided Examples S 4 Exercise 14-6 Prepare a Statement of Cash Flows; Free Cash Flow (LO14-1, LO14-2, LO14-3) Comparative


Ch. 14: Guided Examples S 4 Exercise 14-6 Prepare a Statement of Cash Flows; Free Cash Flow (LO14-1, LO14-2, LO14-3) Comparative financial statement data for Carmono Company follow 3 points This Year Last Year Skipped $ 9.se 58.ee 102.50 170.00 243.00 Assets Cash Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $18.ee 51.00 89.60 158.00 202.60 36.60 165.40 $324.00 eBook 194.20 $364.20 Hint $ 61.50 $ 50.00 103.00 171.00 $324.00 168.70 $364.2e Print References For this year, the company reported net income as follows: Sales Cost of goods sold Gross margin Selling and administrative expenses Net income $1,050.se 630.00 420.00 400.00 $ 20.00 This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year, Required: 1. Using the Indirect method, prepare a statement of cash flows for this year 2 Compute Carmono's free cash flow for this year. Ch. 14: Guided Examples Savo 4 Using the indirect method, prepare a statement of cash flows for this year List any deduction in cash and cash outflows as negative amounts. Round your Intermediate calculations and final answers to decimal places.) 3 points Carmono Company Statement at Cash Flows For This Year Ended December 31 Skipped Operating activities eBook 0.00 0.00 Print Investing activities 0 0.00 References Financing activities 0.00 000 0.00 Beginning cash and cash equivalents Ending cash and cash equivalents Required 2 > Next > 4 of 6 DIALER Login ADP Workfo TRANSTAR Nations Landing se Elie Mae Encomp Home SitePro WF TMURMUSD1OYUL nellate Log 2 Ch.14 Guided Examples Seved 4 Total liabilities and stockholders' equity $364.20 $324.00 For this year, the company reported net income as follows: 3 points Skipped Sales Cost of goods sold Gross margin Selling and administrative expenses Net Income $1,ese.ee 630.00 420.00 400.00 $ eBook This year Carmono declared and paid a cash dividend There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year. Hint Required: 1. Using the indirect method, prepare a statement of cash flows for this year. 2. Compute Carmono's free cash flow for this year Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Compute Carmono's free cash flow for this year. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.) Free cash flow
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