Baker Industries reported the following financial information (in millions): • Net cash provided by operating activities: $120 . Net income: $85 • Capital expenditures: $65 Cash dividends: $25 Calculate Baker Industries' free cash flow. A. $290 B. $30 C. $55 D. -$5

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 11MCQ: Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital...
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Baker Industries reported the following financial
information (in millions):
•
Net cash provided by operating activities: $120
. Net income: $85
•
Capital expenditures: $65
Cash dividends: $25
Calculate Baker Industries' free cash flow.
A. $290
B. $30
C. $55
D. -$5
Transcribed Image Text:Baker Industries reported the following financial information (in millions): • Net cash provided by operating activities: $120 . Net income: $85 • Capital expenditures: $65 Cash dividends: $25 Calculate Baker Industries' free cash flow. A. $290 B. $30 C. $55 D. -$5
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