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During 2010, Jennifer Industries reported cash provided by operations of $230,000,000, cash used in investing of $343,000,000, and cash used in financing of $45,000,000. In
During 2010, Jennifer Industries reported cash provided by operations of $230,000,000, cash used in investing of $343,000,000, and cash used in financing of $45,000,000. In addition, cash spent for fixed assets during the period was $138,000,000. Average current liabilities were $325,000,000 and average total liabilities were $858,000,000. No dividends were paid. Based on this information, what was Jennifer's free cash flow? I know the equation is free cash flow = cash provided by dividends - capital expenditures - cash dividends A. ($113,000,000). B. $480,000,000. C. $92,000,000. D. ($296,000,000)
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