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A firm has the income statement as follows: Sales $10,000 Cost of Goods Sold 7,000 Other Expenses 500 Depreciation 1,000 Total Operating Costs 8,500 EBIT
A firm has the income statement as follows:
| Sales | $10,000 |
| Cost of Goods Sold | 7,000 |
| Other Expenses | 500 |
| Depreciation | 1,000 |
| Total Operating Costs | 8,500 |
| EBIT | $ 1,500 |
| Interest Expense | 600 |
| EBT | $ 900 |
| Taxes (40%) | 360 |
| Net Income | $ 540 |
What is the firm's operating cash flow (OCF)?
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Introduction to Financial Accounting
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
11th edition
978-0133251111, 013325111X, 0133251039, 978-0133251036
