What was novak free cash flow

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Reference no: EM132969497

Problem 1: During 2022, Novak Corp. reported cash provided by operations of $969000, cash used in investing of $837000, and cash used in financing of $232000. In addition, cash spent on fixed assets during the period was $337000. Average current liabilities were $793000 and average total liabilities were $2094000. No dividends were paid. Based on this information, what was Novak free cash flow?

Option 1:
$176000.

Option 2:
$132000.

Option 3:
$632000.

Option 4:
$737000.

Reference no: EM132969497

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