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Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 35 percent,

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Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 35 percent, what is the operating cash flow, or OCF? Sales Costs Depreciation Expense Interest Expense $ 39,500 18,400 1,900 1,400 Tax rate 35% Income Statement Sales $ 39,500 Costs 18,400 Depreciation expense 1,900 EBIT $ 19,200 Interest expense 1,400 EBT $ 17,800 Taxes (35%) 6,230 Net income $ 11.570 Operating cash flow

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