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A fire destroyed the warehouse of Reed Enterprises, on August31, 2017. The books and records of Reed showed the following information on that date. Sales
A fire destroyed the warehouse of Reed Enterprises, on August31, 2017. The books and records of Reed showed the following information on that date. Sales = $50,560. Costs = $30,460. Depreciation = $2,350. Interest expense = $1,560. Tax rate = 30%. What is the operating cash flow?
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