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Question - The following amounts have been taken from the recent financial statements for Lumos Enterprises:
Current liabilities $1,780,000
Cash from operations $4,100,000
Expenditures on PPE $1,000,000
Dividends (cash) $260,000
Required - What amounts is the free cash flow for Lumos Industries?
A) $3,100,000
B) $1,320,000
C) $4,100,000
D) $1,060,000
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