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Calculate the free cash flow

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Question - A corporation reports net income of $120,000 in 2020. The cash flows from operating activities in 2020 are $105,000. The Retained Earnings balance on 1/1/20 is $95,000 and the Retained Earnings balance on 12/31/20 is $198,000 (any change in Retained Earnings is from net income and cash dividends paid). The capital expenditures in 2020 were $85,000. Calculate the free cash flow?

Reference no: EM132863589

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