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Kingston Imports reported revenues of $1,800,000 at the end of its fiscal year. Expenses for the same period totaled $1,000,000 with $375,000 of this amount
Kingston Imports reported revenues of $1,800,000 at the end of its fiscal year. Expenses for the same period totaled $1,000,000 with $375,000 of this amount as depreciation expense. The income tax rate is 40%.
How much are Kingstons annual after-tax operating cash flows?
A)$425,000 B) $1,175,000 C)$255,000 D) $855,000
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