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JBK Corp had sales of $3,000,000 (all sales were cash sales). The firm's pre-tax expenses included cash expenses of $1,750,000 and depreciation expense of $675,000.
JBK Corp had sales of $3,000,000 (all sales were cash sales). The firm's pre-tax expenses included cash expenses of $1,750,000 and depreciation expense of $675,000. The firm's tax rate is 35%. What was JBK's operating cash flow?
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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
