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Determine the cheyenne free cash flow

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Reference no: EM133175226

Question - Summary financial information for Cheyenne Corporation for the year ended July 1, 2021 is listed below:

Profit

$304000

Depreciation expense

34800

Beginning inventory

108000

Ending inventory

67000

Cost of goods sold

53000

Interest expense

133000

Income tax expense

81000

Operating profit

449000

Cash provided by operating activities

359000

Dividends paid

55000

Cash used by investing activities

125000

 Required - Determine the Cheyenne free cash flow for 2021?

Reference no: EM133175226

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