Help On its Statement of Cash Flows Athena Inc reported cash

Help On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $98,000, cash flow from financing activities of ($126,000), and cash fow from investing activities of $103,000. Athena, Inc. invested $60,000 cash in long-term assets. Athena, Inc\'s free cash flow is O A $15,000 O B. $66,000 O C. $38,000 O D. $43,000. Tools 088 1 8 2

Solution

Correct answer is option C $38000

We know that

Free cash flow=Operating Cash Flow - Capital Expenditures

=98000-60000=38000

 Help On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $98,000, cash flow from financing activities of ($126,000), a

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