Business, 13.03.2020 19:03 Aneesa2507
During the year Xero, Inc. experienced an increase in net fixed assets of $300,000 and had depreciation of $200,000. It also experienced an increase in current assets of $150,000 and an increase in accounts payable and accruals of $75,000. If operating cash flow (OCF) for the year was $700,000, calculate the firm's free cash flow (FCF) for the year. A. $124,000 B. $123,000 C. $122,000 D. $125,000
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