C4.4. After years of negative free cash flow, General Electric reported a positive free cash flow of

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C4.4. After years of negative free cash flow, General Electric reported a positive free cash flow of $7,386 million in 2003. Look back at GE's cash flows displayed in Exhibit 4.2. Would you interpret the 2003 free cash flow as good news?

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Financial Statement Analysis And Security Valuation

ISBN: 9780071267809

4th International Edition

Authors: Penman-Stephen-H, Steven Penman

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