FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The management of Bridgeport Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net
income of $870,300. It had net cash provided by operating activities of $643.900, paid cash dividends of $76,200, and had capital
expenditures of $278,200.
(a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses
e.g. (45).)
Free cash flow
tA
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Transcribed Image Text:The management of Bridgeport Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $870,300. It had net cash provided by operating activities of $643.900, paid cash dividends of $76,200, and had capital expenditures of $278,200. (a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow tA
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