For questions 21-22, refer to the Income Statement below. What is the operating cash flow for 2020? ABC Corporation 2020 Income Statement ($ in millions) Net Sales 26,500 Cost of Goods Sold 17,448 Depreciation 1,289 Earnings before interest and taxes 7,763 Interest paid 2,548 Taxable Income 5,215 Less Taxes 650 Net Income 4,565

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
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For questions 21-22, refer to the Income Statement below. What is the operating cash flow for
2020?
ABC Corporation
2020 Income Statement ($ in millions)
Net Sales
26,500
Cost of Goods Sold
17,448
Depreciation
1,289
Earnings before interest and taxes
7,763
Interest paid
2,548
Taxable Income
5,215
Less Taxes
650
Net Income
4,565
Transcribed Image Text:For questions 21-22, refer to the Income Statement below. What is the operating cash flow for 2020? ABC Corporation 2020 Income Statement ($ in millions) Net Sales 26,500 Cost of Goods Sold 17,448 Depreciation 1,289 Earnings before interest and taxes 7,763 Interest paid 2,548 Taxable Income 5,215 Less Taxes 650 Net Income 4,565
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