Crandall Oil has total sales of $1,190 and costs of $685. Depreciation is $142 and the tax rate is 35 percent. The firm does not have any interest expense. What is the operating cash flow?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Crandall Oil has total sales of $1,190 and costs of $685.
Depreciation is $142 and the tax rate is 35 percent. The firm
does not have any interest expense. What is the operating
cash flow?
Transcribed Image Text:Crandall Oil has total sales of $1,190 and costs of $685. Depreciation is $142 and the tax rate is 35 percent. The firm does not have any interest expense. What is the operating cash flow?
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