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zzz [600]
3 years ago
14

Suggett Corporation's net cash provided by operating activities was $34; its income taxes were $12; its capital expenditures wer

e $24; and its cash dividends were $7. How much was the company's free cash flow? A. $77 B. $(19) C. $3 D. $15
Business
1 answer:
yan [13]3 years ago
3 0

Answer: Option (C) is correct.

Explanation:

Given that,

Net cash provided by operating activities = $34

Income taxes = $12

Capital expenditures = $24

Cash dividends = $7

Free Cash Flow = Cash Provided by Operating Activities - Dividends - Capital Expenditure

                           = $34 - $7 - $24

                           = $3

Therefore, the company's free cash flow was $3.

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