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QUESTION 1 Grinder Switch Inc. Income Statement Revenue 550,000 Cost of Goods Sold 275,000 SG&A 170,000 Depreciation 40,000 EBIT 65,000 Interest 22,000 Income Before Taxes

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QUESTION 1 Grinder Switch Inc. Income Statement Revenue 550,000 Cost of Goods Sold 275,000 SG&A 170,000 Depreciation 40,000 EBIT 65,000 Interest 22,000 Income Before Taxes 43,000 Taxes 17,200 Net Income 25,800 Calculate operating cash flow for Grinder Switch Inc. a. $65,800 b. $79,000 c. $105,000 d. $41,800 e. $63,000

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