Question
A company reported the following information for the 2020 fiscal year: EBIT $100 Interest Expense $40 Depreciation expense $80 Tax rate 20% Based on this
A company reported the following information for the 2020 fiscal year:
EBIT $100
Interest Expense $40
Depreciation expense $80
Tax rate 20%
Based on this information, what was this companys operating cash flow for the 2020 fiscal year?
| $128 | ||
| $144 | ||
| $160 | ||
| $176 | ||
| None of the other answers are correct. |
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Personal Finance
Authors: E. Thomas Garman, Raymond E. Forgue
13th edition
1337099759, 978-1337516440, 1337516449, 978-1337099752
