Question
5. Calculating OCF Masters, Inc., has sales of $32,400, costs of $14,300, depreciation expense of $2,200, and interest expense of $1,160. If the tax rate
5. Calculating OCF Masters, Inc., has sales of $32,400, costs of $14,300, depreciation expense of $2,200, and interest expense of $1,160. If the tax rate is 23 percent, what is the operating cash flow, or OCF?
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
