What was Owens Inc free cash flow in July

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Question - Owens, Inc. is a manufacturer of motorcycles and motorcycle accessories. In July 2020, Owens had several transactions: (1) Owens sold a motorycle to a customer for $13,500 - at the time of purchase, the customer paid Owens $9,100 in cash and put the remaining $4,400 on account (i.e., Owens booked a $4,400 account receivable); (2) Owens purchased $5,250 in paint from a paint supplier, and immediately paid for the entire order in cash; (3) Owens borrowed $20,000 from a bank; (4) Owens paid a $1,800 dividend to its owners. Based on those transactions, what was Owens, Inc's free cash flow in July 2020?

Reference no: EM132896847

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