Question

During 2022, Splish Brothers Inc. reported cash provided by operations of $953000, cash used in investing...

During 2022, Splish Brothers Inc. reported cash provided by operations of $953000, cash used in investing of $823000, and cash used in financing of $228000. In addition, cash spent on fixed assets during the period was $331000. Average current liabilities were $780000 and average total liabilities were $2059000. No dividends were paid. Based on this information, what was Splish free cash flow?

$130000.

($173000).

($724000).

$622000.

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Answer #1
Correct answer is: d. $622000
Workings:
Computation of Free Cash Flow:
Cash Provided by Operations = $          9,53,000
Less: Cash used for fixed assets = $          3,31,000
Free cash Flow = $          6,22,000

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