Question
Morris Corporation has sales of $300,000 costs of $130,280, depreciation expense of $12,000, and interest expense of $10,000. If the tax rate is 35
Morris Corporation has sales of $300,000 costs of $130,280, depreciation expense of $12,000, and interest expense of $10,000. If the tax rate is 35 per cent, what is the operating cash flow, or OCF? Show all the workings.
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Statistics For The Life Sciences
Authors: Myra Samuels, Jeffrey Witmer, Andrew Schaffner
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321989589, 978-0321989581
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