Net cash provided by operating activities

Reference no: EM13727989

Company reported the following items in 2014

Net income
$50,000
Dividends paid
6,000
Increase in accounts receivable
12,000
Increase in accounts payable
8,000
Purchase of equipment (capital expenditure)
9,000
Depreciation expense
3,500
Issue of notes payable
15,000

Required:

Calculate the following:

(1) net cash provided by operating activities

(2) the net change in cash during 2014

(3) free cash flow

Reference no: EM13727989

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