Joe Novak Corporation Reports the Following Information Joe Novak's Free Cash Flow Is
A)$10,000

Multiple Choice

Joe Novak Corporation reports the following information: $\begin{array}{lr}\text { Net cash provided by operating activities } & \$ 215,000 \\\text { Average current liabilities } & 150,000 \\\text { Average long-term liabilities } & 100,000 \\\text { Dividends paid } & 60,000 \\\text { Capital expenditures } & 110,000 \\\text { Payments of debt } & 35,000\end{array}$ Joe Novak's free cash flow is

A) $10,000.
B) $45,000.
C) $105,000.
D) $155,000.