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Last year, the sales at Jersey Company were $200,000 and were all cash sales. The tax-deductible expenses at Jersey were $125,000 and were all cash
Last year, the sales at Jersey Company were $200,000 and were all cash sales. The tax-deductible expenses at Jersey were $125,000 and were all cash expenses. The tax rate was 30%. What was the after-tax net cash inflow at Jersey last year from these operations?
Practice Question 1 options:
a)$22,500.
b)$52,500.
c)$60,000.
d)$37,500.
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