Question
Last year, BFA Corporation had net sales of $3,550,000 and cost of goods sold of $2,000,000. Its depreciation charge was $600,000 and selling, general, and
Last year, BFA Corporation had net sales of $3,550,000 and cost of goods sold of $2,000,000. Its depreciation charge was $600,000 and selling, general, and administrative (SG&A) expense was $800,000. If the interest charge was $30,000 and the tax rate is 35 percent, what was the operating cash flow? Ignore any carry back or carry forward of loss for tax purposes.
| A. | $675,500 | |
| B. | $708,000 | |
| C. | $740,500 | |
| D. | $773,000 | |
| E. | $805,500 | |
| F. | $838,000 | |
| G. | $870,500 | |
| H. | $903,000 |
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Finance Led Capitalism Shadow Banking Re Regulation And The Future Of Global Markets
Authors: Robert Guttmann
1st Edition
1137398566, 978-1137398567
