Selected Data Taken from the 2017 Financial Statements of Phillips

question 32

Essay

Selected data taken from the 2017 financial statements of Phillips Card Company, Inc. are as follows (in millions). $$\begin{array} { l r } \text { Net sales } & \$ 295.9 \\\text { Net cash provided by operating activities } & 17.0 \\\text { Capital expenditures } & 2.6 \\\text { Cash dividends } & 6.5\end{array}$$ Instructions
Compute the free cash flow February 28, 2017; and briefly discuss your results.

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Definitions:

Situation

A set of circumstances or the context in which an event occurs.

Cars

Motor vehicles with four wheels designed primarily for passenger transportation on roads.

Situational Constraints

Factors in the environment that restrict, guide, or dictate behavior, often influencing the outcome of behavior in specific settings.

Personal Dispositions

are inherent qualities of individual personality that influence behavior and attitudes.