Graff, Incorporated, has sales of $44,130, costs of $14,190, depreciation expense of $3,190, and interest expense of $2,330. The tax rate is 21 percent. What is the operating cash flow, or OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Graff, Incorporated, has sales of $44,130, costs of $14,190, depreciation expense of $3,190, and interest expense of $2,330. The tax rate is 21 percent. What is the operating cash flow, or OCF? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
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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Transcribed Image Text:Graff, Incorporated, has sales of $44,130, costs of $14,190, depreciation expense of $3,190, and interest expense of $2,330. The tax
rate is 21 percent. What is the operating cash flow, or OCF?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
Operating cash flow
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