Clayborn Corporation's net cash provided by operating activities was $115,400; its net income was $104,000; its...

Transcribed Image Text:

Clayborn Corporation's net cash provided by operating activities was $115,400; its net income was $104,000; its income taxes were $43,900; its capital expenditures were $94,500; and its cash dividends were $29,100. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.) Clayborn Corporation's net cash provided by operating activities was $115,400; its net income was $104,000; its income taxes were $43,900; its capital expenditures were $94,500; and its cash dividends were $29,100. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.)