Given the below information, what is the current cash flow? 1. The company, Summit Tech, reported net sales of $5,200 million. Assume that there were no noncash sales. 2. Operating costs (excluding depreciation and amortization) were 70% of its total revenues. 3. 4. Depreciation and amortization charges were 6% of total sales. Interest charges were 12% of EBIT, with a tax rate of 30%.

Given the below information, what is the current cash flow? 1. The company, Summit Tech, reported net sales of $5,200 million. Assume that there were no noncash sales. 2. Operating costs (excluding depreciation and amortization) were 70% of its total revenues. 3. 4. Depreciation and amortization charges were 6% of total sales. Interest charges were 12% of EBIT, with a tax rate of 30%.

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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