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During the year, RITA Corp. had sales of $648. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $319, $52, and $50,
During the year, RITA Corp. had sales of $648. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $319, $52, and $50, respectively. In addition, the company had an interest expense of $48 and a tax rate of 20 percent. What is the operating cash flow for the year? Ignore any tax loss carryback or carry-forward provisions. Ignore taxes if the firm is not profitable. Show your answer to the nearest $.01. Do not use the $ sign in your answers. Use a negative sign if operating cash flow is negative. Your
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