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A company reported $700,000 of sales, 70% of operating costs other than depreciation, and $7,000 of depreciation. It had $70,000 of bonds that carry a
A company reported $700,000 of sales, 70% of operating costs other than depreciation, and $7,000 of depreciation. It had $70,000 of bonds that carry a 7.0% interest rate, and its tax rate was 25%. How much was its net cash flow? The solution must include a complete income statement
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