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38. Packard Corporation reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Payments of

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38. Packard Corporation reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Payments of debt $335,000 150,000 100,000 60,000 110,000 35,000 Packard's free cash flow is a. $130,000. b. $165,000. c. $225,000. d. $275,000

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