Question
For this year, Katrinas Kennels has sales of $439,000, depreciation of $32,000, and net working capital of $56,000. The firm has a tax rate of
For this year, Katrinas Kennels has sales of $439,000, depreciation of $32,000, and net working capital of $56,000. The firm has a tax rate of 23 percent and a profit margin of 6 percent. The firm has no interest expense. What is the amount of the operating cash flow?
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Finance Introduction To Institutions Investments And Management
Authors: Ronald W. Melicher, Edgar A. Norton
12th Edition
0471675792, 9780471675792
