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The Clean-You-Out Car Wash Company company has projected next year's activity as indicated below. Calculate the company's Operating Cash Flow. (The company's marginal tax rate
The Clean-You-Out Car Wash Company company has projected next year's activity as indicated below. Calculate the company's Operating Cash Flow. (The company's marginal tax rate is 35%.) | ||||||||||||
Next Year's Projection: | ||||||||||||
Year 1 | ||||||||||||
Sales | $250,000 | |||||||||||
Cost of Goods Sold | $100,000 | |||||||||||
Administrative Expense | $20,000 | |||||||||||
Depreciation | $40,000 | |||||||||||
Interest Expense | $25,000 |
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