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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 21 percent,
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 21 percent, what is the operating cash flow, or OCF? $ Sales Costs Depreciation Expense Interest Expense Tax rate 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard code values in your calculations. Income Statement Sales 39,500 Costs 18,400 Depreciation expense 1,900 EBIT $ 19,200 Interest expense 1,400 EBT $ 17,800 Taxes (21%) 3.738 Net income $ Operating cash flow
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