Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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During the year, Phorr Corporation had soles of $459,000. Costs were $388,000 and deprecietion expense was $102,800. In eddition, the compony
had an interest expense of $79,250 and a tax rate of 21 percent. What is the operating cash flow for the year? Ignore any tax loss corry-forward
provisions.
Multiple Cholce
$77,768
$94.321
$47,679
$15.071
$72,733
Transcribed Image Text:During the year, Phorr Corporation had soles of $459,000. Costs were $388,000 and deprecietion expense was $102,800. In eddition, the compony had an interest expense of $79,250 and a tax rate of 21 percent. What is the operating cash flow for the year? Ignore any tax loss corry-forward provisions. Multiple Cholce $77,768 $94.321 $47,679 $15.071 $72,733
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