Question
Gerry Co. has a gross profit of $920,000 and depreciation expense of $360,000. Selling and administrative expense is $128,000. Given that the tax rate is
Gerry Co. has a gross profit of $920,000 and depreciation expense of $360,000. Selling and administrative expense is $128,000. Given that the tax rate is 44 percent, compute the cash flow from operations for Gerry Co.
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
