Question
Ridiculousness, Inc., has sales of $49,500, costs of $20,800, depreciation expense of $1,600, and interest expense of $1,400. If the tax rate is 35 percent,
Ridiculousness, Inc., has sales of $49,500, costs of $20,800, depreciation expense of $1,600, and interest expense of $1,400.
If the tax rate is 35 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculations.)
Operating cash flow $
Please show work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Economics Of Money Banking And Financial Markets
Authors: Frederic Mishkin
5th Edition
0134734203, 978-0134734200
