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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 $320,000 Net cash flows
Dora Inc. reported the following on the companys cash flow statement: Line Item Description Amount Net cash flows from operating activities $320,000 Net cash flows used for investing activities (100,000) Net cash flows used for financing activities (200,000) 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. $260,000 b. $380,000 c. $120,000 d. $220,000
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