Question
QUESTION 2 You are given the following information for last year for Four Corners, Inc. (FCI)....
QUESTION 2 You are given the following information for last year for Four Corners, Inc. (FCI). Sales $200,000 Increase in net fixed assets $15,000 SG&A Expenses $15,000 Cost of goods sold $80,000 Interest expense $9,000 Depreciation expense $8,000 Taxes $21,000 New equity raised $8,000 Net increase (or decrease) in long-term debt ($2,500) Dividends $15,000 What was the operating cash flow for FCI? A. $ 79,600 B. $ 88,600 C. $ 84,000 D. $ 66,000 E. $ 75,000 F. $ 70,600
Homework Answers
Answer #1
Solution :
The operating cash flow for FCI is = $ 75,000
The solution is option E. $ 75,000
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.
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