Question
Shelley's Quilt Shop has annual sales of $682,000 and a profit margin of 6%. The annual depreciation expense is $43,001. What is the amount of
Shelley's Quilt Shop has annual sales of $682,000 and a profit margin of 6%. The annual depreciation expense is $43,001. What is the amount of the operating cash flow if Jenny's has no long-term debt?
A. -$2,080
B. $36,260
C. $38,340
D. $40,920
E.$83,920
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
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