Dora Inc. reported the following on the company's statement of cash flows: Net cash flows from operating activities $380,000 Net cash flows used for investing activities (130,000) Net cash flows used for financing activities (230,000) 65% of the net cash flows used for investing activities was used to purchase property, plant, and equipment. What is the free cash flow? a.$250,000 b.$295,500 c.$464,500 d.$150,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Dora Inc. reported the following on the company's statement of cash flows:

Net cash flows from operating activities $380,000
Net cash flows used for investing activities (130,000)
Net cash flows used for financing activities (230,000)

65% of the net cash flows used for investing activities was used to purchase property, plant, and equipment. What is the free cash flow?
a.$250,000
b.$295,500
c.$464,500
d.$150,000
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