ROLY Inc is considering a major expansion (capital expenditure) next year. Next year, the company expects to pay a $3 million cash dividend, sell $7 million of common shares and report net income of $16 million. Depreciation next year is expected to total $6 million, and through efficiencies, net working capital is expected to decrease by $2 million. 

With no additional transactions, how much total net cash flow is expected to be generated by ROLY next year from the activities indicated?

Answer rating: 100% (QA)

The net cash flow of a company can be identified by looking at the cash inflows and outflows from its operating investing and financing activities In ... View the full answer