Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following income statement. Fill in the missing numbers and then calculate the operating cash flow (OCF). $ 912,400 Sales 593, 600 Costs 135,000

image text in transcribedimage text in transcribedimage text in transcribed

Consider the following income statement. Fill in the missing numbers and then calculate the operating cash flow (OCF). $ 912,400 Sales 593, 600 Costs 135,000 Depreciation ? EBIT ? Taxes (@30%) ? Net income O $275,600 $194,450 $263,660 $165,454 What is the depreciation tax shield, based on the income statement data in the prior question? $$63,775 $40,500 $45,900 $55,140 The Beach House has sales of $724,000 and a profit margin of 11 percent. The annual depreciation expense is $14,000. What is the amount of the operating cash flow if the company has no long-term debt? O$72,240 O $100.240 $93,640 O $68,760

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Recent Advances In Computational Finance

Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.

1st Edition

1626181233, 978-1626181236

More Books

Students also viewed these Finance questions

Question

When do you retest?

Answered: 1 week ago