During 2017, Harvey Industries Reported Cash Provided by Operations of $670,000

During 2017, Harvey Industries reported cash provided by operations of $670,000, cash used in investing of $1,039,000, and cash used in financing of $145,000. In addition, cash spent for fixed assets during the period was $404,000. No dividends were paid. Based on this information, what was Harvey's free cash flow?

A) ($369,000)
B) $1,450,000
C) $266,000
D) ($918,000)

Correct Answer:

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