Question
The Rogers Corporation has a gross profit of $1,000,000 and $450,000 in amortization expense. The Evans Corporation has $1,000,000 in gross profit, with $160,000 in
The Rogers Corporation has a gross profit of $1,000,000 and $450,000 in amortization expense. The Evans Corporation has $1,000,000 in gross profit, with $160,000 in amortization expense. Selling and administrative expense is $130,000 for each company.
a.Given that the tax rate is 40 percent, compute the cash flow for both companies.
What is the diffrence in cash flow between the two?
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Python For Finance
Authors: Yves Hilpisch
2nd Edition
1492024333, 978-1492024330
