Determine Sage Hill free cash flow

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Problem - Sage Hill Inc. engaged in the following cash transactions during 2017.

Purchase of land $126,000

Purchase of treasury stock 38,000

Issuance of preferred stock 211,000

Sale of land and buildings 286,000

Payment of cash dividends 42,000

Purchase of equipment 83,000

Retirement of bonds 308,000

Sage Hill reported net cash provided by operating activities of $597,000. Determine Sage Hill's free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

What is the free cash flow?

Reference no: EM132473152

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