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

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

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 2P: Vigo Vacations has $200 million in total assets, $5 million in notes payable, and $25 million in...

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