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During the year, Belyk Paving Co. had sales of $2,385,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,440,000, $436,500, and
During the year, Belyk Paving Co. had sales of $2,385,000. Cost of goods sold, administrative and selling expenses, and depreciation expense were $1,440,000, $436,500, and $491,500, respectively. In addition, the company had an interest expense of $216,500 and a tax rate of 30 percent. (Ignore any tax loss carryback or carryforward provisions.) What is it's operating cash flow?
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