Question
During the year, Xero, Inc., experienced an increase in net fixed assets of $300,000 and had depreciation of $200,000.
It also experienced an increase in current assets of $150,000 and an increase in accounts payable of $75,000.
If operating cash flow (OCF) for the year was $700,000, calculate the firm's free cash flow (FCF) for the year. The free cash flow (FCF) is $ (Round to the nearest dollar.)