Question
A company reports net sales of $2,500 million. Assume that there were no non-cash sales. Operating costs (excluding depreciation & amortization) were 65% of its
A company reports net sales of $2,500 million. Assume that there were no non-cash sales.
- Operating costs (excluding depreciation & amortization) were 65% of its total revenues.
- Depreciation & Amortization charges were 5% of total sales.
- Interest charges were 15% of EBIT with a tax rate of 40%.
The companys current cash flow is?
a. $382 million
b. $507 million
c. $253 million
d. $637 million
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
