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You are given the following information: sales, $370; expenses other than depreciation, $110; depreciation expense, $70; marginal income tax rate, 37%. Calculate the net
You are given the following information: sales, $370; expenses other than depreciation, $110; depreciation expense, $70; marginal income tax rate, 37%. 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.) Direct Method: After-tax cash operating income Plus: Depreciation tax shield After-tax cash flow
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