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The management of Martinez Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $873,600. It had net cash provided by operating activities of $648,900, paid cash dividends of $77.900, and had capital expenditures of $278,400. (a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Free cash flow $

The management of Martinez Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $873,600. It had net cash provided by operating activities of $648,900, paid cash dividends of $77.900, and had capital expenditures of $278,400. (a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) Free cash flow $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The management of Martinez Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $873,600. It had net cash provided by operating activities of $648,900, paid cash dividends of $77.900, and had capital expenditures of $278,400. (a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Free cash flow $
Transcribed Image Text:The management of Martinez Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $873,600. It had net cash provided by operating activities of $648,900, paid cash dividends of $77.900, and had capital expenditures of $278,400. (a1) Compute the company's free cash flow. (Enter negative amount using either a negative sign preceding the number eg. -45 or parentheses e.g. (45).) Free cash flow $
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