Assume the Following Information from the Financial Statements of ReStateM

question 12

Multiple Choice

Assume the following information from the financial statements of ReStateM Company:
Net income $12,000
Depreciation expense $2,000
Salaries expense $5,000
Decrease in net working capital $9,000
Capital expenditures $2,000
The free cash flow for ReStateM is:

• A)$14,000
• B)$5,000
• C)$12,000
• D)$3,000

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