Rojas Corporation’s comparative balance sheets are presented below.

ROJAS CORPORATION Comparative Balance Sheets December 31
		2020			2019
Cash		$14,700			$11,000
Accounts receivable		21,100			23,800
Land		20,000			25,600
Buildings		70,000			70,000
Accumulated depreciation—buildings		(15,400	)		(10,700	)
Total		$110,400			$119,700
Accounts payable		$12,300			$28,100
Common stock		74,600			73,800
Retained earnings		23,500			17,800
Total		$110,400			$119,700

Additional information:

1.		Net income was $23,000. Dividends declared and paid were $17,300.
2.		No noncash investing and financing activities occurred during 2020.
3.		The land was sold for cash of $4,700.

Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Free cash flow

$enter a dollar amount

Answer rating: 100% (QA)

Solution To compute free cash flow we need to calculate the net cash pro... View the full answer