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  3. Study Set
    Financial Management Principles and Applications
  4. Exam
    Exam 3: Understanding Financial Statements, taxes, and Cash Flows
  5. Question
    Which of the Following Is NOT Included in the Calculation
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Which of the Following Is NOT Included in the Calculation

Question 46

Question 46

Multiple Choice

Which of the following is NOT included in the calculation of free cash flows?


A) Interest expense
B) Operating income
C) Depreciation
D) Net operating working capital

Correct Answer:

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