Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 ABC has sales of $779486.76, costs of $509649.20, depreciation expense of $44048.74, interest expense of $39895.50, and a tax rate of 36.22 percent. What

5image text in transcribedimage text in transcribed

ABC has sales of $779486.76, costs of $509649.20, depreciation expense of $44048.74, interest expense of $39895.50, and a tax rate of 36.22 percent. What is the operating cash flow, or OCF for this firm? (Do NOT include the $ sign. Round your final answer to 2 decimal places, e.g. 110.10) ABC has sales of $881845.29, costs of $267180.98, depreciation expense of $31696.71, interest expense of $41368.07, and a tax rate of 38.28 percent. Further ABC 's payout rate is 40.00 percent. What is the addition to retained earnings? (Do NOT include the \$ sign. Round your final answer to 2 decimal places, e.g. 110.10)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Budget Building Book For Nonprofits

Authors: Murray Dropkin, Jim Halpin, Bill La Touche

2nd Edition

0787996033, 978-0787996031

More Books

Students also viewed these Finance questions

Question

Prepare a constructive performance appraisal.

Answered: 1 week ago

Question

List the advantages of correct report formatting.

Answered: 1 week ago