During 2022, Cheyenne Corp. reported cash provided by operations of $699000, cash used in investing of $604000, and cash used in financing of $167000. In addition, cash spent on fixed assets during the period was $243000. Average current liabilities were $572000 and average total liabilities were $1510000. No dividends were paid. Based on this information, what was Cheyenne free cash flow

Respuesta :

Answer:

$456,000

Explanation:

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

Free cash flow = $699,000 - $243,000

Free cash flow = $456,000

So, based on this information, Cheyenne free cash flow is $456,000

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Universidad de Mexico