$4.$ Packard Corporation reports the following information:

Net cash provided by operating activities $$215,000$

Average current liabilities $.150,000$

Average long$-$term liabilities $100,000$

Dividends paid $60,000$

Capital expenditures $.110,000$

Payments of debt $35,000$

Packard$$s free cash flow is

a$.$ $$10,000.$

b$.$ $$45000.$

c$.$ $$105,000.$

d$.$ $$155,000.$

$5.$ One of the benefits of the statement of cash flows is that it helps users evaluate financial flexibility. Which of the following explanations is a description of financial flexibility

a$.$ The nearness to cash of assets and liabilities.

b$.$ The firm$$s ability to respond and adapt to financial adversity and unexpected needs and opportunities.

c$.$ The firm$$s ability to pay its debts as they mature.

d$.$ The firm$$s ability to invest in a number of projects with different objectives and costs.

$6.$ The interest rate written in the terms of the bond indenture is known as the

a$.$ coupon rate.

b$.$ nominal rate.

c$.$ stated rate. $-$

d$.$ coupon rate, nominal rate, or stated rate.