Snowden Inc. operates an all cash business. It has annual sales of $1,273,000; cash operating expenses of $549,000; depreciation of $142,000 and has a 38.00%
Snowden Inc. operates an all cash business. It has annual sales of $1,273,000; cash operating expenses of $549,000; depreciation of $142,000 and has a 38.00% corporate tax rate. What is its operating cash flow?
a.$582,000
b.$329,080
c.$360,840
d.$502,840
e.$590,880
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Authors: John Teall
3rd Edition
0323909558, 978-0323909556
