Return to question Apex Company Statement of Cash Flows-Indirect Method Operatin

Question

Return to question Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: $41,900 $ 21,900 (60,100) (26,100) 9,400 53,500 (10,100) 3,400 Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Inc Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents (8,100) 33,800 14,600 (40,500) (121,100) (147,000) 89,700 39,000 (28,400) rease in common stock 100,300 (12,900) 27,700 $ 14,800 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Answer is complete but not entirely correct Free cash flow $ (58,900)

Explanation / Answer

Free cash flow computation:

Net cash provided by operating Activities = 33800

Capital expenditures (121100)

Dividends (28400)

Free cash flow = (115700) or - 115700

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