FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Determine Wildhorse Industries' 2025 first-quarter net income. (Ignore taxes.) Net income (b) A 1,739,320 × Your answer is incorrect. Determine free cash flow for Wildhorse Industries for the first quarter of 2025. In the first quarter, Wildhorse had depreciation expense of $166,000 and a net increase in working capital (change in accounts receivable and accounts payable) of $247,000. In the first quarter, capital expenditures were $535,000; Wildhorse paid dividends of $122,000. Free cash flow A 916,320
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Transcribed Image Text:Determine Wildhorse Industries' 2025 first-quarter net income. (Ignore taxes.) Net income (b) A 1,739,320 × Your answer is incorrect. Determine free cash flow for Wildhorse Industries for the first quarter of 2025. In the first quarter, Wildhorse had depreciation expense of $166,000 and a net increase in working capital (change in accounts receivable and accounts payable) of $247,000. In the first quarter, capital expenditures were $535,000; Wildhorse paid dividends of $122,000. Free cash flow A 916,320
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