Atlantic Enterprises has sales of $7,845,000; income tax of $562,500; selling, general, and administrative expenses of $895,000; depreciation of $425,000; cost of goods sold of $4,250,000; and interest expense of $187,500. Calculate the amount of the firm's after-tax cash flow from operations.
Atlantic Enterprises has sales of $7,845,000; income tax of $562,500; selling, general, and administrative expenses of $895,000; depreciation of $425,000; cost of goods sold of $4,250,000; and interest expense of $187,500. Calculate the amount of the firm's after-tax cash flow from operations.
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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Transcribed Image Text:Atlantic Enterprises has sales of $7,845,000; income tax of
$562,500; selling, general, and administrative expenses of
$895,000; depreciation of $425,000; cost of goods sold of
$4,250,000; and interest expense of $187,500. Calculate
the amount of the firm's after-tax cash flow from
operations.
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