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Compute the free cash flow

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Question - Selected data taken from a recent year's financial statements of trading card company Topps Company, Inc. are as follows (in millions).

Net sales $392.0

Current liabilities, beginning of year 49.3

Current liabilities, end of year 74.9

Net cash provided by operating activities 12.5

Total liabilities, beginning of year 78.2

Total liabilities, end of year 87.8

Capital expenditures 4.4

Cash dividends 7.4

Required - Compute the free cash flow.

Reference no: EM133174020

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