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The Oriole Mills Company has just disclosed the following financial information in its annual report: sales of $1.46 million, cost of goods sold of $813,800,
The Oriole Mills Company has just disclosed the following financial information in its annual report: sales of $1.46 million, cost of goods sold of $813,800, depreciation expenses of $176,300, and interest expenses of $90,700. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity. (Round intermediate calculations and final answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $
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