FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
$
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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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