Assume the Following Information from the Financial Statements of ReStateM

question 22

Multiple Choice

Assume the following information from the financial statements of ReStateM Company:
Net income $10,000
Depreciation expense $3,000
Salaries expense $5,000
Increase in net working capital $9,000
Capital expenditures $2,000
The free cash flow for ReStateM is:

• A)$24,000
• B)$20,000
• C)$6,000
• D)$2,000