Selected data taken from a recent year's financial statements of trading card company Topps Company, Inc. are as follows (in millions). Net sales Current liabilities, beginning of year Current liabilities, end of year Net cash provided by operating activities Total liabilities, beginning of year Total liabilities, end of year Capital expenditures Cash dividends $375.7 Free Cash Flow $ 47.3 71.8 12.0 75.0 84.2 4.3 7.1 Compute the free cash flow. (Round answer to 1 decimal places, e.g. 0.2.) millions

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Selected data taken from a recent year's financial statements of trading card company Topps Company, Inc. are as follows (in millions).
Net sales
Current liabilities, beginning of year
Current liabilities, end of year
Net cash provided by operating activities
Total liabilities, beginning of year
Total liabilities, end of year
Capital expenditures
Cash dividends
$375.7
Free Cash Flow $
47.3
71.8
12.0
75.0
84.2
4.3
7.1
Compute the free cash flow. (Round answer to 1 decimal places, e.g. 0.2.)
millions
Transcribed Image Text:Selected data taken from a recent year's financial statements of trading card company Topps Company, Inc. are as follows (in millions). Net sales Current liabilities, beginning of year Current liabilities, end of year Net cash provided by operating activities Total liabilities, beginning of year Total liabilities, end of year Capital expenditures Cash dividends $375.7 Free Cash Flow $ 47.3 71.8 12.0 75.0 84.2 4.3 7.1 Compute the free cash flow. (Round answer to 1 decimal places, e.g. 0.2.) millions
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