Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

DEF Co. has sales of $623,359, costs of $445,910, and depreciation of $88,565. Its tax rate is 40 percent. What is its operating cash flow?

DEF Co. has sales of $623,359, costs of $445,910, and depreciation of $88,565. Its tax rate is 40 percent. What is its operating cash flow? Answer in $ to two decimals.

The correct answer is 141,895.4. Please explain in detail how you reached that answer.

In response to expert question: The above is the correct answer as it was given to me upon completion of my HW. Please assign this to a different expert.

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_2

Step: 3

blur-text-image_step3

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions

Question

Most countries effectively impose an infinite tax on organ sales.

Answered: 1 week ago