Multiple Choice
Suppose that Morgan Corporation produced and sold 4,800 laptop computers during 2014. It reported $150,000 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) $140,000
B) $160,000
C) $157,000
D) $150,000
Correct Answer:
Verified
Correct Answer:
Verified
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