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Your company reported the following for this year: $564,000 in sales, $234,000 in cost of goods sold, $14,500 in interest expense, and operating expenses of
Your company reported the following for this year: $564,000 in sales, $234,000 in cost of goods sold, $14,500 in interest expense, and operating expenses of $123,000 (including $24,500 in depreciation expense). The income tax expense for the year was $37,600. Net property, plant, and equipment grew by $79,800 and net working capital grew by $79,600 during the year.
REQUIRED:
Select the correct response for each of the following amounts
1. Operating cash flowanswer
2. Cash flow from assets Answer
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