HyperCore Solutions has sales of $350,000, costs of goods sold of $280,000, depreciation expense of $42,500, and interest expense of $15,000. The company's tax rate is 25%. Calculate its operating cash flow (OCF).
HyperCore Solutions has sales of $350,000, costs of goods sold of $280,000, depreciation expense of $42,500, and interest expense of $15,000. The company's tax rate is 25%. Calculate its operating cash flow (OCF).
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 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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