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For a given year, Rogers Express paid $318 in interest, $460 in dividends, and $368 in taxes. The firm had a net income of $1,220,
For a given year, Rogers Express paid $318 in interest, $460 in dividends, and $368 in taxes. The firm had a net income of $1,220, depreciation of $1,560, an increase in net working capital of $220, an increase in net fixed assets of $950, and a decrease in long-term debt of $260. There were no changes in the equity accounts other than the change in retained earnings. What is the annual cash flow of the firm?
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$3,148
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$1,610
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$2,780
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$1,038
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$50
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