Question
A firm has sales of $100,000, costs of $60,000, a depreciation expense of $10,000, and no interest expense. The firm's assets have remained constant, but
A firm has sales of $100,000, costs of $60,000, a depreciation expense of $10,000, and no interest expense. The firm's assets have remained constant, but their current assets have increased by $10,000. Their current liabilities have also increased by $10,000. The firm's tax rate is 20%.
What is the net cash flow from assets of the firm?
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
