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During the Year,Clarendon Corporation Had Net Sales of $500,000,net Income

question 109

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During the year,Clarendon Corporation had net sales of $500,000,net income of $50,000,average total assets of $700,000,dividend payments of $35,000,net cash flows from operating activities of $70,000,purchases of plant assets of $75,000,and sales of plant assets of $90,000.Free cash flow equals


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