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
