Comparative financial statement data for Carmono Company follow: This year Carmo

Question

Comparative financial statement data for Carmono Company follow:

This year Carmono declared and paid a cash dividend. There were no sales of property, plant, and equipment during this year. The company did not repurchase any of its own stock this year.

Using the indirect method, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts. Round your intermediate calculations and final answers to 2 decimal places.)

HOW TO GET CASH DIVIDENDS??????

Compute Carmono’s free cash flow for this year. (Negative amount should be indicated by a minus sign. Round your intermediate calculations and final answer to 2 decimal places.)

Comparative financial statement data for Carmono Company follow:

Explanation / Answer

Statement of Cash Flows using Indirect Method Net Income 20 Add: Depreciation 11.2 44.80-33.60 Less: Increase in accounts Receivable -7 Less: Increase in Inventory -13.4 Add: Increase in accounts Payable 9 Cash Flow from Operating Activities 19.8

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