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Free cash flow

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Joe Novak Corporation reports the following information:

Net cash provided by operating activities $215,000
Average current liabilities $150,000
Average long term liabilities $100,000
Dividends Paid $60,000
Capital expenditures $110,000
Payments of debt $35,000

What is Joe Novak's free cash flow?

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The solution explains how to calculate the free cash flow

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