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You are given the following information: sales, $150; expenses other than depreciation, $60; depreciation expense, $20; marginal income tax rate, 34%. Calculate the net after-tax
You are given the following information: sales, $150; expenses other than depreciation, $60; depreciation expense, $20; marginal income tax rate, 34%. Calculate the net after-tax cash flow effect of the preceding information using both the indirect and direct methods. (Round your answers to 2 decimal places.) Indirect Method: Pre-tax Income After-tax Income After-tax cash flow Direct Method: After-tax cash operating income After-tax cash flow
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