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Given the below information, what is the current cash flow? 1. The company reported net sales of $4,375 million. Assume that there were no noncash sales. 2. Operating costs (excluding depreciation and amortization) were 65% of its total revenues. 3. Depreciation and amortization charges were 5% of total sales. 4. Interest charges were 15% of EBIT with a tax rate of 40%.

Given the below information, what is the current cash flow? 1. The company reported net sales of $4,375 million. Assume that there were no noncash sales. 2. Operating costs (excluding depreciation and amortization) were 65% of its total revenues. 3. Depreciation and amortization charges were 5% of total sales. 4. Interest charges were 15% of EBIT with a tax rate of 40%.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Given the below information, what is the current cash flow? 1. The company reported net sales of $4,375 million. Assume that there were no noncash sales. 2. Operating costs (excluding depreciation and amortization) were 65% of its total revenues. 3. Depreciation and amortization charges were 5% of total sales. 4. Interest charges were 15% of EBIT with a tax rate of 40%.
Transcribed Image Text:Given the below information, what is the current cash flow? 1. The company reported net sales of $4,375 million. Assume that there were no noncash sales. 2. Operating costs (excluding depreciation and amortization) were 65% of its total revenues. 3. Depreciation and amortization charges were 5% of total sales. 4. Interest charges were 15% of EBIT with a tax rate of 40%.
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