During 20x5,Oates Company had sales of $500,000,net income of $50,000,average total assets of $700,000,dividend payments of $35,000,net cash flows from operating activities of $90,000,purchases of plant assets of $75,000,and sales of plant assets of $90,000.Free cash flow equals
A) $55,000.
B) $105,000.
C) $40,000.
D) $70,000.
Correct Answer:
Verified
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