Selected data taken from the 2017 financial statements of Phillips Card Company, Inc. are as follows (in millions). $$\begin{array} { l r }
\text { Net sales } & \$ 295.9 \
\text { Net cash provided by operating activities } & 17.0 \
\text { Capital expenditures } & 2.6 \
\text { Cash dividends } & 6.5
\end{array}$$ Instructions
Compute the free cash flow February 28, 2017; and briefly discuss your results.

Question

Selected data taken from the 2017 financial statements of Phillips Card Company, Inc. are as follows (in millions). $$\begin{array} { l r } 
\text { Net sales } & \$ 295.9 \
\text { Net cash provided by operating activities } & 17.0 \
\text { Capital expenditures } & 2.6 \
\text { Cash dividends } & 6.5
\end{array}$$ Instructions
Compute the free cash flow February 28, 2017; and briefly discuss your results.

Quizplus · Accepted Answer

The Answer of Selected data taken from the 2017 financial statements of Phillips Card Company, Inc. are as follows (in millions). $$\begin{array} { l r } 
\text { Net sales } & \$ 295.9 \
\text { Net cash provided by operating activities } & 17.0 \
\text { Capital expenditures } & 2.6 \
\text { Cash dividends } & 6.5
\end{array}$$ Instructions
Compute the free cash flow February 28, 2017; and briefly discuss your results.

Selected Data Taken from the 2017 Financial Statements of Phillips