2 Apex Company prepared the statement of cash flows for the current year that is

Question

2 Apex Company prepared the statement of cash flows for the current year that is shown below Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: points Depreciation (61,9ee) (25,200) 1e,1e8 54,70 (11,40e) Increase in accounts receivable Hint Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued 1iabilities Print Increase in income taxes payable Net cash provided by (used in) operating activities Investing activities: Proceeds from the sale of equipment Loan to Thomas company Additions to plant and equipment Net cash provided by (used in) investing activities Financing activities: Increase in bonds payable Increase in common stock Cash dividends Net cash provided by (used in) financing activities Net decrease in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents 31,see 15,7e8 (41,5e9) (120,eee) References (145,8ee) 89 ,8+ 39,8 29,10e) (13,8ee) 28,99e $ 15,180 Required Compute Apex Company's free cash flow for the current year. (Negetlve amount should be Indicated by a minus sign.) ree cash flow

Explanation / Answer

2.

Free cash flow = Operating cash flow - Capital expenditure

= $31500 - $120000

= ($88500).

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