Suppose That Morgan Corporation Produced and Sold 4,800 Laptop Computers

question 4

Multiple Choice

Suppose that Morgan Corporation produced and sold 4,800 laptop computers during 2022.It reported $130,000 cash provided by operating activities.In order to maintain production at 4,800 laptops, Morgan invested in $8,600 in equipment.Morgan paid $1,400 in dividends.What is Morgan's free cash flow?

• A)$120,000
• B)$140,000
• C)$137,000
• D)$130,000

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