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Using content from question 4, what is the companys operating cash flow? During the year, the Boots and Shoes Company had gross sales of $925,000.
Using content from question 4, what is the companys operating cash flow?
During the year, the Boots and Shoes Company had gross sales of $925,000. The firms cost of goods sold and selling expenses were $515,500 and $220,000, respectively. The company also had notes payable of $520,000. These notes carried an interest rate of 3%. Depreciation was $130,500. The tax rate was 21 percent.
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