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Here is the problem I am stumped on. I have 3 just like it except with different numbers, but I cannot figure out the formula/method
Here is the problem I am stumped on. I have 3 just like it except with different numbers, but I cannot figure out the formula/method to solve it. Thank you for your help! Here is the problem: Sedlacek, Inc. had cash sales of $1,300,000 and operating expenses of $825,000 for the year just ended. Included in the operating expenses was $220,000 of depreciation expense with the rest being cash expenses. If Sedlacek's income tax rate is 35%, its net after-tax cash flows amounted to: A) $308,750 B) $528,750 C) $166,250 D) $594,750 I know the correct answer is B, but again, I am clueless how to go about solving it. Thank you so much for your help
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