Question
Loblaws has annual sales of $1.9 million, depreciation of $238,000, and net working capital of $196,001. The firm has a tax rate of 35% and
Loblaws has annual sales of $1.9 million, depreciation of $238,000, and net working
capital of $196,001. The firm has a tax rate of 35% and a profit margin of 8.2%. The
firm has no long-term debt. What is the amount of the annual operating cash flow?
its for finance 300
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Fundamentals of Financial Management
Authors: Eugene F. Brigham, Joel F. Houston
15th edition
1337671002, 978-1337395250
