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During 2022, Tamarisk, Inc. reported cash provided by operations of $826000, cash used in investing of $713000, and cash used in financing of $198000. In addition, cash spent on fixed assets during the
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During 2022, Tamarisk, Inc. reported cash provided by operations of $826000, cash used in investing of $713000, and cash used in financing of $198000. In addition, cash spent on fixed assets during the period was $287000. Average current liabilities were $676000 and average total liabilities were $1785000. No dividends were paid. Based on this information, what was Tamarisk free cash flow? ($628000). $539000. ($150000). $113000.

User Marcoresk
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5 votes

Answer:

b. $539,000

Step-by-step explanation:

Free cash flow = Cash flow from operating activities - Capital expenditures

Free cash flow = $826,000 - $287,000

Free cash flow = $539,000

Therefore, based on this information, Tamarisk Inc. free cash flow is $539,000

User Alex Jones
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