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Question 4 During 2015, Protek Corporation had net sales of $500,000, net income of $50,000, average total assets of $700,000, dividend payments of $35,000, net
Question 4
During 2015, Protek Corporation had net sales of $500,000, net income of $50,000, average total assets of $700,000, dividend payments of $35,000, net cash flows from operating activities of $65,000, purchases of plant assets of $75,000, and sales of plant assets of $90,000. Free cash flow equals: |
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