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Alpine Corp. had earnings before interest and taxes of $800,000 and had a depreciation expense of $400,000 this last year. If the firm was subject
Alpine Corp. had earnings before interest and taxes of $800,000 and had a depreciation expense of $400,000 this last year. If the firm was subject to an average tax rate of 40%, what was Alpines Corp. operating cash flow for the year? If you need to, assume Alpines interest expense was zero for the year.
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