Answer:
The correct answer is letter "E": cash flow from operations less cash used to purchase fixed assets to maintain productive capacity.
Explanation:
Free cash flow or FCF is the money available for investors and creditors after subtracting the operational expenditures and investments from the sales of a company. FCF is not the same as net income because FCF does not include non-cash expenses but FCF considers capital investments and expenses. FCF could reflect more changes compared to the net income.
