During 2009, Heckart Corporation had sales of $250,000, net income of $25,000, average total assets of $350,000, dividend payments of $17,500, net cash flows from operating activities of $45,000, purchases of plant assets of $37,500, and sales of plant assets of $45,000. Free cash flow equals
A) $27,500.
B) $52,500.
C) $20,000.
D) $35,000.
Correct Answer:
Verified
Q63: Royer Corporation engaged in this transaction: Paid
Q66: Royer Corporation engaged in this transaction:
Sold
Q77: Royer Corporation engaged in this transaction: Received
Q80: Royer Corporation engaged in this transaction: Paid
Q83: During 2009, Heckart Corporation had sales of
Q84: Royer Corporation engaged in this transaction: Sold
Q85: If the indirect method is used to
Q86: During 2009, Heckart Corporation had sales of
Q87: Assume the indirect method is used to
Q87: Royer Corporation engaged in this transaction: Purchased
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