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Exhibit 10 During 2004 Nelson Corp

question 41

Multiple Choice

Exhibit 10.7
Use the Information Below for the Following Problem(S)
You are provided with the following information for the Nelson Corporation.
\begin{array}{lrr}\begin{array}{l}\\\text{Net Income}\\\text{Depreciation}\\\text{Total Current Assets}\\\text{Total Current Liabilities}\\\end{array}\\begin{array}{r}2003 \\\hline \$ 1500 \\\$ \quad 200 \\\$ \quad 700 \\\$ \quad 500\end{array}\\begin{array}{r}\text { 2004 } \\\hline\$2000 \\\$ \quad 475 \\\$ \quad 900 \\\$ \quad 800\end{array}\\end{array}
During 2004 Nelson Corp. made capital expenditures totaling $500 and disposed property worth $800.
-Refer to Exhibit 10.7.The firm's free cash flow is

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