Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $318,600,000, cost of goods sold of $134,300,000, sales and administrative costs of $39,600,000, depreciation expense of $64,800,000, and a tax rate of 40%. The operating cash flow is $
Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of $318,600,000, cost of goods sold of $134,300,000, sales and administrative costs of $39,600,000, depreciation expense of $64,800,000, and a tax rate of 40%. The operating cash flow is $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Find the operating cash flow for the year for Harper Brothers, Inc. if it had sales revenue of
depreciation expense of
$318,600,000,
cost of goods sold of
$134,300,000,
sales and administrative costs of
$39,600,000,
$64,800,000,
and a tax rate of
40%.
The operating cash flow is
$
(Round to the nearest dollar.)Expert Solution
Step 1
Operating cash flow = profit after tax /net income + depreciation - taxes
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