Need help with this question solution general accounting Minbari, Inc. shows the following information on its Y2017 incomestatement:Sales $430,000Cost of goods sold = $240,000Depreciation expense = $60,000Interest expense = $30,000Tax rate = 40%Dividends = $30,000Also, the firm issued $20,000 in new equity and used the amount toredeem $20,000 in outstanding long-term debt.What is the Y2017 operating cash flow (OCF) of Minbari, Inc.?a. $130,000b. $140,000c. $150,000d. $160,000

Step 1: Define Operating Cash FlowThe cash generated from the main operations of the business is…

Answered: Minbari, Inc. shows the following…

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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