Question
A companys Statement of Cash Flows reports cash provided by operations of $128 million. Included in this figure are net interest payments of $15 million.
A companys Statement of Cash Flows reports cash provided by operations of $128 million. Included in this figure are net interest payments of $15 million. What is the cash flow generated by operations (to one decimal place) if the corporate tax rate is 30%?
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
