Question
Hello, I'm having trouble figuring this out can you help me? A firm has the income statement as follow: Sales$10,000 Cost of Goods Sold7,000 Other
Hello, I'm having trouble figuring this out can you help me?
A firm has the income statement as follow:
Sales$10,000
Cost of Goods Sold7,000
Other Expenses500
Depreciation1,000
Total Operating Costs8,500
EBIT$1,500
Interest Expense600
EBT$900
Taxes (40%)360
Net Income$540
What is the firm's operating cash flow (OCF)?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
