Threets Corporation\'s most recent comparative balance sheet appears below: Comp

Question

Threets Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $35 $34 Accounts receivable 71 61 Inventory 70 57 Property, plant and equipment 470 380 Less accumulated depreciation 171 167 Total assets 475 365 Liabilities and stockholder's equity: Accounts payable $50 $56 Bonds payable 51 66 Common stock 41 36 Retained earnings 333 207 Total liabilities and stockholder's equity 475 365 The company's net income for the year was $150 and it paid a cash dividend. It did not dispose of any property, plant, and equipment during the year. The company did not issue any bonds payable or repurchase any of its own common stock. The free cash flow for the year was: $297 $11 $35 $101

Explanation / Answer

$297

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