During the year, Xerox, Inc., experienced an increase in net

During the year, Xerox, Inc., experienced an increase in net

During the year, Xerox, 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 and accruals 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.