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The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31,2014: sales of $ 1,441,000, cost
The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31,2014: sales of $ 1,441,000, cost of goods sold of $ 802,000, depreciation expenses of $ 175,000, and interest expenses of $ 89,575. Assume that the firm has an average tax rate of 35%. Compute the cash flows to investors from operating activity.
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