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Alpine Industries had sales revenue of $180,000,000, cost of goods sold of $85,000,000, sales and administrative costs of $25,000,000, depreciation expense of $18,000,000, and a tax rate of 30%. What is the operating cash flow for the year?

Alpine Industries had sales revenue of $180,000,000, cost of goods sold of $85,000,000, sales and administrative costs of $25,000,000, depreciation expense of $18,000,000, and a tax rate of 30%. What is the operating cash flow for the year?

Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter6: Accounting For Financial Management
Section: Chapter Questions
Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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Alpine Industries had sales revenue of $180,000,000, cost of goods sold of $85,000,000, sales and administrative costs of $25,000,000, depreciation expense of $18,000,000, and a tax rate of 30%. What is the operating cash flow for the year?
Transcribed Image Text:Alpine Industries had sales revenue of $180,000,000, cost of goods sold of $85,000,000, sales and administrative costs of $25,000,000, depreciation expense of $18,000,000, and a tax rate of 30%. What is the operating cash flow for the year?
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