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During 2016 Harvey Industries reported cash provided by operations of $670000 cash used in investing of $1039000 and cash used in financing of $145000. In addition cash spent for fixed assets during the period was $404000. No dividends were paid. Based on this information what was Harvey's free cash flow?
A) ($369000)
B) $1450000
C) $266000
D) ($918000)
Free Cash Flow
A financial metric indicating the amount of cash generated by a company after accounting for capital expenditures.
Cash Provided
Funds that are generated and available for use, typically referring to cash from operating activities.
Investing Activities
Transactions and events related to the acquisition and disposal of long-term assets and other investments not classified as cash equivalents.
- Learn the process of determining free cash flow through the analysis of provided financial statements.
- Understand the differences between operating, investing, and financing cash flows and acknowledge their significance.
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Learning Objectives
- Learn the process of determining free cash flow through the analysis of provided financial statements.
- Understand the differences between operating, investing, and financing cash flows and acknowledge their significance.
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