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Frankin Corporation's net cash provided by operating activities was $110; its capital expenditures were $65; and its cash dividends were $24. The company's free cash flow was:

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ayokenny2001

Answer:

Free cash flow is $21

Explanation:

Given that:

Net cash provided by operating activities = $110

Capital expenditures = $65

Cash dividends = $24

Then,

Free cash flow = Net cash provided by operating activities - Capital expenditure - Cash dividends

Free cash flow = $110 - $65 - $24

Free cash flow = $21

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