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Gerry Co. has a gross profit of $1,000,000 and depreciation expense of $230,000. Selling and administrative expense is $121,000. Given that the tax rate is

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Gerry Co. has a gross profit of $1,000,000 and depreciation expense of $230,000. Selling and administrative expense is $121,000. Given that the tax rate is 43 percent, compute the cash flow from operations for Gerry Co. Multiple Choice $120,957 $599,930 $770,000 $602,430

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