Exhibit 10 During 2004 Klandy Corp

Multiple Choice

Exhibit 10.6
Use the Information Below for the Following Problem(S)
You are provided with the following information for the Klandy Corporation.
$\begin{array}{lccc} &\ 2003 & 2004 \\ \text { Net Income } & \$ 1200 & \$ 1500 \\\text { Depreciation } & \$ 200 & \$ 300 \\\text { Total Current Assets } & \$ 700 & \$ 900 \\\hline\end{array}$
During 2004 Klandy Corp. made capital expenditures totaling $500 and disposed property worth $400.
-Refer to Exhibit 10.6.The firm's free cash flow is

A) $2100
B) $1900
C) $1800
D) $1700
E) $1600