Question
Falstaff Consulting had annual sales of $3.125 million, operating expenses of $2.125 million, depreciation expense of $570,000, net income of $252,800, and at a tax
Falstaff Consulting had annual sales of $3.125 million, operating expenses of $2.125 million, depreciation expense of $570,000, net income of $252,800, and at a tax rate of 21% paid $67,200 in taxes. Operating cash flows for Falstaff are closest to:
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
