Aeropostale, Inc. (AROPQ) is a specialty retailer of casual apparel and accessories for teens. Recently,...
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Aeropostale, Inc. AROPQ is a specialty retailer of casual apparel and accessories for teens. Recently, the company declared bankruptcy to provide financial protection while attempting to reorganize its operations. Annual report information for the three most recent years prior to the bankruptcy are as follows in millions:Net cash flows used for operating activities Cash used to purchase property, plant, and equipmentYear Year Year $ $ $ Determine the free cash flow. Did the free cash flow information indicate financial stress? Explain.
Aeropostale, Inc. AROPQ is a specialty retailer of casual apparel and accessories for teens. Recently, the company declared bankruptcy to provide financial protection while attempting to reorganize its operations. Annual report information for the three most recent years prior to the bankruptcy are as follows in millions:
Net cash flows used for operating activities Cash used to purchase property, plant, and equipment
Year Year Year $ $ $
Determine the free cash flow. Did the free cash flow information indicate financial stress? Explain.
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