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Falstaff Consulting had annual sales of $2.5 million, operating expenses of $1.7 million, depreciation expense of $215,000, net income of $325,000 and at a tax
Falstaff Consulting had annual sales of $2.5 million, operating expenses of $1.7 million, depreciation expense of $215,000, net income of $325,000 and at a tax rate of 21% paid $99,750 in taxes Operating cash flows for Falstaff are closest to:
A. $700,250. B. $462,150. C. $590,250.
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