Question
A companys Statement of Cash Flows reports cash provided by operations of $115 million. Included in this figure are net interest payments of $16 million.
A companys Statement of Cash Flows reports cash provided by operations of $115 million. Included in this figure are net interest payments of $16 million. What is the cash flow generated by operations (to one decimal place) if the corporate tax rate is 30%?
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Essentials Of Financial Management Text And Cases
Authors: George C Philippatos
1st Edition
0816267162, 978-0816267163
