Question
Last year, Leicester Manufacturing, Inc. posted total sales of $1,249,800 and costs of $775,849. Depreciation is $67,700 and the tax rate is 30 percent. The
Last year, Leicester Manufacturing, Inc. posted total sales of $1,249,800 and costs of $775,849. Depreciation is $67,700 and the tax rate is 30 percent. The firm does not have any interest expense. What was the operating cash flow?
A. $243,076
B. $281,417
C. $309,076
D. $332,720
E. $352,076
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
