Refer to the information given in Problem 3.21. What is the cash flow from operating activity for

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Refer to the information given in Problem 3.21. What is the cash flow from operating activity for Nimitz Rental?
In Problem 3.21.

Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the company had revenues of $878,412, general and administrative expenses of $352,666, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company’s average tax rate is 34 percent.

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Fundamentals of Corporate Finance

ISBN: 978-1119371403

4th edition

Authors: Robert Parrino, David S. Kidwell, Thomas Bates

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