Crandall Oil has total sales of $1,140 and costs of $685. Depreciation is $138 and the tax rate is 33 percent. The firm does not have any interest expense. What is the operating cash flow? a. $350 b. $340 C. $375 d. $325 e. $355

Crandall Oil has total sales of $1,140 and costs of $685. Depreciation is $138 and the tax rate is 33 percent. The firm does not have any interest expense. What is the operating cash flow? a. $350 b. $340 C. $375 d. $325 e. $355

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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Question

I need answer of this question solution general accounting

Crandall Oil has total sales of $1,140 and costs of $685.
Depreciation is $138 and the tax rate is 33 percent. The
firm does not have any interest expense. What is the
operating cash flow?
a. $350
b. $340
C. $375
d. $325
e. $355

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