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Catalina Company reported net income of $200000 for the year ended December 31, 2017. During the year, inventories decreased by $40000, accounts payable decreased by
Catalina Company reported net income of $200000 for the year ended December 31, 2017. During the year, inventories decreased by $40000, accounts payable decreased by $60000, depreciation expense was $45000 and a gain on disposal of equipment of $15000 was recorded. Net cash provided by operating activities in 2017 using the indirect method was $245000. $210000. $240000. $280000. During 2017, Ecuyer Industries reported cash provided by operations of $794000, cash used in investing of $686000, and cash used in financing of $190000. In addition, cash spent for fixed assets during the period was $2276000. Average current liabilities were $650000 and average total liabilities were $1716000. No dividends were paid. Based on this information, what was Ecuyer's free cash flow? $518000. $-604000. $144000. $108000
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