Question
A company has sales of 3,200,000, cost of goods sold of 1,250,000, selling & administrative expense of 300,000, and depreciation expense of 130,000. Interest expense
A company has sales of 3,200,000, cost of goods sold of 1,250,000, selling & administrative expense of 300,000, and depreciation expense of 130,000. Interest expense is 64,000 and the corporate tax rate is 21%. Calculate the operating cashflow. Please show work
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
