Question
High Towers, Inc., has sales of $599,000, costs of $330,000, depreciation expense of $29,000, and interest expense of $12,000. If the tax rate is 33
High Towers, Inc., has sales of $599,000, costs of $330,000, depreciation expense of $29,000, and interest expense of $12,000. If the tax rate is 33 percent, the operating cash flow, or OCF, is $ ______ .
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
