Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chevelle, Inc., has sales of , costs of , depreciation expense of , and interest expense of . If the tax rate is 21 percent,
Chevelle, Inc., has sales of , costs of , depreciation expense of , and interest expense of . If the tax rate is 21 percent, what is the operating cash flow, or OCF?
Sales | 39,500 |
Costs | 18,400 |
Depreciation Expense | 1,900 |
Interest Expense | 1,400 |
Tax rate |
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 | ||
Interest expense | 1,400 | |
EBT | ||
Taxes (21%) | 3,738 | |
Net income |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the Operating Cash Flow OCF for Chevelle Inc well first need to prepare a simplified in...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started