Fill This Form To Receive Instant Help
Fill This Form To Receive Instant Help
Homework answers / question archive / On its Statement of Cash? Flows, Athena, Inc
On its Statement of Cash? Flows, Athena, Inc. reported cash flow from operating activities of? $99,000, cash flow from financing activities of? ($127,000), and cash flow from investing activities of? $103,000. Athena, Inc. invested? $65,000 cash in long−term assets.? Athena, Inc.'s free cash flow? is:
A)
?$34,000.
B)
?$38,000.
C)
?$62,000.
D)
?$10,000.
Free cash flow= Operating cash flow- Capital expenditure
given,
Operating cash flow= $99000
Capital expenditure= $65000
Put the values in the formula;
= $99000- $65000
= $34000
