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The management of Morrow Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $875,900.
The management of Morrow Inc. is trying to decide whether it can increase its dividend. During the current year, it reported net income of $875,900. It had net cash provided by operating activities of $647,200, paid cash dividends of $82,200, and had capital expenditures of $284,500. (a1) Compute the companys free cash flow.
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