Assume the following information from the financial statements of ReStateM Company:
Net income $10,000
Depreciation expense $3,000
Salaries expense $5,000
Increase in net working capital $9,000
Capital expenditures $2,000
The free cash flow for ReStateM is:
A)$24,000
B)$20,000
C)$6,000
D)$2,000

Question

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The Answer of Assume the following information from the financial statements of ReStateM Company:
Net income $10,000
Depreciation expense $3,000
Salaries expense $5,000
Increase in net working capital $9,000
Capital expenditures $2,000
The free cash flow for ReStateM is:
A)$24,000
B)$20,000
C)$6,000
D)$2,000

Assume the Following Information from the Financial Statements of ReStateM