Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pancake House had sales of $1.5 million with depreciation of $350,000 and other operating costs that ran 40% of sales. They paid $180,000 in dividends

Pancake House had sales of $1.5 million with depreciation of $350,000 and other operating costs that ran 40% of sales. They paid $180,000 in dividends with a tax rate of 35% and interest expense of $280,000. What was their Operating Cash Flow?

  • A. $805,500

  • B. $455,500

  • C. $1,195,500

  • D. $625,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance

Authors: Philip J. Adelman, Alan M. Marks

4th Edition

0132434792, 9780132434799

More Books

Students also viewed these Finance questions