During 2022, Ecuyer Industries reported cash provided by operations of $794,000, cash used in investing of $686,000, and cash used in financing of $190,000.In addition, cash spent on fixed assets during the period was $276,000.Average current liabilities were $650,000 and average total liabilities were $1,716,000.No dividends were paid.Based on this information, what was Ecuyer's free cash flow?
A) ($144,000) .
B) $108,000.
C) $518,000.
D) ($604,000) .
Correct Answer:
Verified
Q151: Tito Company reports a $20,000 increase in
Q152: If Reed Company realizes a loss of
Q153: If Martinelli Corporation realizes a gain of
Q154: Each of the following is an adjustment
Q155: A transaction involving a gain on the
Q157: Land costing $125,000 was sold for $355,000
Q158: If a loss of $108,000 is realized
Q159: All of the following adjustments would be
Q160: Free cash flow provides an indication of
Q161: Westwind Corporation shows income tax expense of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents