Question: Rak Corporation had cash flows from operating activities during the past year of $97,000. During the year, the company expended $12,500 for dividends; expended $79,000

Rak Corporation had cash flows from operating activities during the past year of $97,000. During the year, the company expended $12,500 for dividends; expended $79,000 for property, plant, and equipment; and sold property, plant, and equipment for $6000. Calculate the company’s free cash flow. What does the result tell you about the company?

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