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Given the following information, what is the operating cash flow? Sales = $500,000 Dividend payout ratio = 50% Tax rate = 38% Depreciation = 10,000

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Given the following information, what is the operating cash flow? Sales = $500,000 Dividend payout ratio = 50% Tax rate = 38% Depreciation = 10,000 Interest expense = $20,000 Cost of goods sold = 75% of sales revenues Select one: a. $29,450 b. $58,900 c. $88,900 d. $95,000 e. $115,000

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