Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Self-Test Questions: 10

Answer

d

Work Step by Step

Excess cash can be used to pay down debt, invest in more assets, or pay investors. The company has a large amount of flexibility with free cash flow.
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