Dukas Corporation's net cash provided by operating activities was $218,000; its net income was $203,000; its capital expenditures were $146,000; and its cash dividends were $49,000.Required:Determine the company's free cash flow.
What will be an ideal response?
Free cash flow = Net cash provided by operating activities ? Capital expenditures ? Dividends
= $218,000 ? $146,000 ? $49,000 = $23,000
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