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Billys Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 35 percent.
Billys Exterminators, Inc., has sales of $817,000, costs of $343,000, depreciation expense of $51,000, interest expense of $38,000, and a tax rate of 35 percent. The firm pays 50% of its earnings as dividend. Construct an income statement in Excel giving cell references. Calculate the Operating Cash Flow (OCF)
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