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Mayfair Grocers reported: • Sales: $42,000 . Costs: $33,000 • Depreciation: $4,000 Interest Expense: $2,000 Tax rate: 28% • • What is the operating cash flow?

Mayfair Grocers reported: • Sales: $42,000 . Costs: $33,000 • Depreciation: $4,000 Interest Expense: $2,000 Tax rate: 28% • • What is the operating cash flow?

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter11: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...
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Mayfair Grocers reported: • Sales: $42,000 . Costs: $33,000 • Depreciation: $4,000 Interest Expense: $2,000 Tax rate: 28% • • What is the operating cash flow?
Transcribed Image Text:Mayfair Grocers reported: • Sales: $42,000 . Costs: $33,000 • Depreciation: $4,000 Interest Expense: $2,000 Tax rate: 28% • • What is the operating cash flow?
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