Reference no: EM132466265

Culver Beverage Company reported the following items in the most recent year.

Net income                                                 $41,700

Dividends paid                                               5,060

Increase in accounts receivable                      10,640

Increase in accounts payable                           7,220

Purchase of equipment (capital expenditure)        8,300

Depreciation expense                                      4,220

Issue of notes payable                                   21,440

Question 1: Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Question 2: How would you find the free Cash flow for this problem?