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  3. hollywood company reported net income of $775,000

Hollywood Company reported net income of $775,000 for the current year. Depreciation recorded on buildings...

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Accounting

Hollywood Company reported net income of $775,000 for the current year. Depreciation recorded on buildings and equipment amounted to $160,000 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: Balance Sheet Amounts End of Year Beg of Year Increase/ (Decrease) Cash $85,000 $45,000 Accounts Receivable $62,000 $85,000 Inventory $65,000 $87,000 Accounts Payable $45,000 $60,000 Hollywood Company Partial Statement of Cash Flows - Operating Activities Adjustments to reconcile net income to: Net cash provided by Operating Activities: Free Cash Flow Ratio Problem Instructions: Calculate the Free Cash Flow Ratio for Crystelle Company. Free Cash Flow Ratio

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