Question
Volbeat Corp. shows the following information on its 2015 income statement: sales = $226,000; costs = $122,000; other expenses = $7,900; depreciation expense = $17,900;
Volbeat Corp. shows the following information on its 2015 income statement: sales = $226,000; costs = $122,000; other expenses = $7,900; depreciation expense = $17,900; interest expense = $14,700; taxes = $22,225; dividends = $12,000. In addition, youre told that the firm issued $6,200 in new equity during 2015 and redeemed $4,700 in outstanding long-term debt.
What is the 2015 operating cash flow?
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