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Simco had annual sales of $190,000 with associated costs of $120,000 during 2020. The project increased net working capital $70,000 and fixed assets by $200,000
Simco had annual sales of $190,000 with associated costs of $120,000 during 2020. The project increased net working capital $70,000 and fixed assets by $200,000 during the year. The project has an 5-year life. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 35 percent. What is Simco's cash flow from operations for 2020? $54,250 $59.500 -$34,000 $46,000 $26,000
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