Question
Hammett, Inc., has sales of $19,700, costs of $9,330, depreciation expense of $2,000, and interest expense of $1,490. Assume the tax rate is 40 percent.
| Hammett, Inc., has sales of $19,700, costs of $9,330, depreciation expense of $2,000, and interest expense of $1,490. Assume the tax rate is 40 percent. (Enter your answer as directed, but do not round intermediate calculations.) |
| Required: |
| What is the operating cash flow?
|
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Finance For Development
Authors: Barbara Stallings
1st Edition
0815780850, 978-0815780854
