In order to maintain production at 5200 laptops drake

Reference no: EM13459709

Suppose that Drake Corporation produced and sold 5,000 laptop computers during 2010. It reported $270,000 cash provided by operating activities. In order to maintain production at 5,200 laptops, Drake invested in $8,000 in equipment. Drake paid $2,000 in dividends. What is Drake's free cash flow?

a) $262,000

b) $260,000

c) $268,000

d) $278,000

Reference no: EM13459709

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