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Can someone help me understand how to calculate this and also provide the answer? Thank you The Pharoah Mills Company has just disclosed the following
Can someone help me understand how to calculate this and also provide the answer? Thank you
The Pharoah Mills Company has just disclosed the following financial information in its annual report: sales of $1.46 million, cost of goods sold of $814,100, depreciation expenses of $176,600, and interest expenses of $91,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity. (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $Step by Step Solution
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