Obermeyer Corporation issued the following statement of cash flows for 2017 OBER

Question

Obermeyer Corporation issued the following statement of cash flows for 2017 OBERMEYER CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash flows from operating activities $56,900 Net income Adjustments to reconcile net income to net cash provided by operating activities: $8,900 Loss on disposal of equipment Increase in inventory Decrease in accounts receivable Decrease in accounts payable 8,800 (S, 100) 3,500 (2,300 13,800 Net cash provided by operating activities 0,700 Cash flows from investing activities 2,900 (27,300) Sale of investments Purchase of equipment Net cash used by investing activities (24,400) Cash flows from financing activities Issuance of stock Payment on long-term note payable Payment for dividends 22,000 (11,200) (17,900) Net cash used by financing activities Net increase in cash Cash at beginning of year Cash at end of year (7,100) 39,200 12,700 $51,900 Compute free cash flow for Obermeyer Corporation. (Enter negative amount using elther a negative sign preceding the number e.g.-45 or parentheses e.g. (45)) Free cash flow 15,500 Click if you would like to Show Work for this question:

Explanation / Answer

Requirement (a)

Free Cash flows = Cash flow from operations - Capital expenditure

= 70,700 - 27300

= $43,400

Question 1.

Cash flows from financing activities Procceds from issuance of bonds payable 499,200 Dividends paid -60,700 Net cash provided by Financing activities 438,500

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