Use the following excerpts from Franklin Company's statement of cash flows and other financial records...
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Accounting
Use the following excerpts from Franklin Company's statement of cash flows and other financial records to determine the company's free cash flow for 2018 and 2017. Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Capital expenditures were 50% of investing activities, both years Cash dividends paid were $15,000, both years 2018 $222,000 (33,000) 66,000 2017 $200,000 (35,000) 60,000
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