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Barrys Berries (BB) reported net sales of $12.56 million and operating expenses of $8.74 million last year. They paid interest of 7.5% on $3 million
Barrys Berries (BB) reported net sales of $12.56 million and operating expenses of $8.74 million last year. They paid interest of 7.5% on $3 million of debt. Their Earnings Before Taxes was $2.54 million. Assuming no amortization expense was reported, what was BBs depreciation for the year? (5 pts.)
Why is depreciation added back to net income in order to find a companys net cash flow? (2 pts.)
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