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The 20/9 income statement of Rogers Cable Company included the following: (Click the icon to view the income statement.) Requirement 1. Compute the total after-tax
The 20/9 income statement of Rogers Cable Company included the following: (Click the icon to view the income statement.) Requirement 1. Compute the total after-tax effect on cash. (Enter rates to two decimal places, .XX. Round your answer to the nearest whole dollar.) Cash effects of operations: Pretax cash inflow from operations: Multiplied by (1 - 40%) After-tax cash inflow from operations X Data Table Sales $ 1,600,000 Less: Expenses, excluding depreciation 350,000 300,000 Depreciation Total expenses 650,000 Income before taxes 950,000 380,000 Income taxes (40%) $ 570,000 Net income Print Done Cash effects of depreciation tax deduction: Depreciation tax deduction Multiplied by tax rate Tax savings due to depreciation Total after-tax effect on cash
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