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Dora Inc. reported the following on the companys cash flow statement: Line Item Description Amount Net cash flows from operating activities $330,000 Net cash flows
Dora Inc. reported the following on the companys cash flow statement:
Line Item Description | Amount |
---|---|
Net cash flows from operating activities | $330,000 |
Net cash flows used for investing activities | (160,000) |
Net cash flows used for financing activities | (220,000) |
Sixty percent of the net cash flows used for investing activities was to maintain existing productive capacity. What is the companys free cash flow?
a. $170,000
b. $234,000
c. $110,000
d. $426,000
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