Multiple Choice
Suppose that Morgan Corporation produced and sold 4,800 laptop computers during 2022.It reported $130,000 cash provided by operating activities.In order to maintain production at 4,800 laptops, Morgan invested in $8,600 in equipment.Morgan paid $1,400 in dividends.What is Morgan's free cash flow?
A) $120,000
B) $140,000
C) $137,000
D) $130,000
Correct Answer:
Verified
Correct Answer:
Verified
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