During 2019, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $550,000, $90,000, and $95,000, respectively. In addition, the company had an interest expense of $94,000 and a tax rate of 21 percent. (Assume that interest is fully deductible). What is operating cash flow from the firm (OCF)? Please show inputs of numbers, answer and Formula
During 2019, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $550,000, $90,000, and $95,000, respectively. In addition, the company had an interest expense of $94,000 and a tax rate of 21 percent. (Assume that interest is fully deductible). What is operating cash flow from the firm (OCF)? Please show inputs of numbers, answer and Formula
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
Problem 1PS
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During 2019, Raines Umbrella Corp. had sales of $740,000. Cost of goods sold, administrative and selling expenses, and
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