Brief Exercise 13-15 Selected data taken from a recent year\'s financial stateme

Question

Brief Exercise 13-15 Selected data taken from a recent year's financial statements of trading card company Topps Company, Inc. are as follows (in millions) Net sale:s Current liabilities, beginning of year Current liabilities, end of year Net cash provided by operating activities Total liabilities, beginning of year Total liabilities, end of year Capital expenditures Cash dividends $326.7 41.1 62.4 10.4 65.2 73.2 3.7 6.2 Compute the free cash flow. (Round answer to 2 decimal places, e.g. 0.12.) Free Cash Flow millions Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT INTERACTIVE TUTORIAL Question Attempts: 0 of 3 usedSAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

Free cash flow = Net cash provided by operating activities-Capital expenditures-Cash dividends =10.4-3.7-6.2= 0.5 millions

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