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Problem 9 - 0 6 Assume Lasher's Kitchen has pretax earnings of $ 5 0 , 0 0 0 after depreciation expense of $ 1

Problem

9 - 06

Assume Lasher's Kitchen has pretax earnings of $

50, 000

after depreciation expense of $

10, 000 .

If the firm's tax rate is

20

percent, what is its cash flow from operations? Round your answer to the nearest dollar.

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