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.In 2015, a companys earnings before interest and tax is $700,000. Its depreciation is $80,000 and its corporation tax rate is 30%. The companys net
.In 2015, a companys earnings before interest and tax is $700,000. Its depreciation is $80,000 and its corporation tax rate is 30%. The companys net fixed asset at the beginning of 2015 is $1.3 million and the net fixed asset at the end of 2015 is $1.5 million. There is no change in the working capital and the company does not pay any interest on debt. What is the companys cash flow from assets?
A. $256,000 B. $290,000 C. $370,000 D. $500,000 E. $610,000
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