Company X has negative free cash flows but strong earnings that yield a return on equity of
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Question:
Company X has negative free cash flows but strong earnings that yield a return on equity of 27 percent. Which of the following statements is more likely to be true?
a. The company is wasting cash on unproductive activities.
b. The company is investing heavily.
Expert Answer:
Free cash flows The statement of cash flows of a company shows the free cash flows a company generat... View the full answer
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