Apex Company prepared the statement of cash filows for the current year that is

Question

Apex Company prepared the statement of cash filows for the current year that is shown below: Apex Company Statement of Cash Flows-Indirect Method Operating activities Net income Adjustments to convert net income to cash basis $ 40,500 Depreciation $ 21,300 (60,200) (25,800) 10,700 53,900 (10,500) Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable 4,200 6,400) 34,100 Net cash provided by operating activities Investing activities Proceeds from the sale of equipment Loan to Thomas Company Additions to plant and equipment 15,000 (41,100) (121,100) (147,200) Net cash used for investing activities Financing activities Increase in bonds payable Increase in common stock Cash dividends 88,400 38,800 (29,300) Net cash provided by financing activities 97,900 Net decrease in cash Beginning cash balance (15,200) 27,100 Ending cash balance $ 11,900 Required: Compute Apex Company's free cash flow for the current year. (Negative amount should be indicated by a minus sign.) Free cash flow

Explanation / Answer

Answer:-Apex company’s free cash flow for the current year= -$116300

Explanation:-

Calculation of Free cash flow:-

Net cash flow provided by operating activities=               $34100

Capital Expenditures -$121100

Cash Dividends -$29300

Free cash flow -$116300

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