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Use the following information to answer the next two questions The Stephens Company has sales of $150 million and total expenses (excluding depreciation of $110
Use the following information to answer the next two questions The Stephens Company has sales of $150 million and total expenses (excluding depreciation of $110 milion. Straight-line depreciation on the company's on sets is 512 million, and the maximum accelerated depreciation allowed by law is $18 million. Assume that all taxable income taxed at 40 percent. Assume that net working capital remains constant Question 23 6 pts Calculate the Stephens Company after tax operating cash flow using straight-line depreciation $13.2 Mb 5280 M $11.2 M $16.8 Moon Question 24 6 pts 20 a Dll be 12
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