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Summer Tyme has a tax rate of 35 percent and a profit margin of 6 percent. The firm has sales of $1,642,000, depreciation of $27,000,
Summer Tyme has a tax rate of 35 percent and a profit margin of 6 percent. The firm has sales of $1,642,000, depreciation of $27,000, and networking capital of $218,000. The firm has no interest expense, but pays $20,000 in dividends each year. What is the firm's operating cash flow? Multiple Choice $98,520 $125,520 $147,480 O $268.480 $343,520
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
