Question
Volbeat Corp. shows the following information on its 2015 income statement: sales = $235,000; costs = $147,000; other expenses = $7,900; depreciation expense = $17,500;
Volbeat Corp. shows the following information on its 2015 income statement: sales = $235,000; costs = $147,000; other expenses = $7,900; depreciation expense = $17,500; interest expense = $13,500; taxes = $17,185; dividends = $10,500. In addition, youre told that the firm issued $5,000 in new equity during 2015 and redeemed $3,500 in outstanding long-term debt. What is the 2015 operating cash flow?
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