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:

Incidence Rate Ratio

A measure used in epidemiology to compare the rate of occurrence of new cases of a disease or condition between two study populations over a specific time period.

Population Proportion Attributable Risk

The proportion of incidents in the population that are due to the risk factor, helping in understanding the public health impact of the factor.

Cohort Study

A research method that follows a group of people over time to study their exposures and the subsequent outcomes.

Myocardial Infarction

Also known as a heart attack, it occurs when blood flow to a part of the heart is blocked for a long enough time that part of the heart muscle is damaged or dies.