Operating cash flow. Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of $81,500,000, cost of goods sold of $34,500,000, sales and administrative costs of $6,200,000, depreciation expense of $7,100,000, and a tax rate of 30%. The operating cash flow is $ (Round to the nearest dollar.)
Operating cash flow. Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of $81,500,000, cost of goods sold of $34,500,000, sales and administrative costs of $6,200,000, depreciation expense of $7,100,000, and a tax rate of 30%. The operating cash flow is $ (Round to the nearest dollar.)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter21: Supply Chains And Working Capital Management
Section: Chapter Questions
Problem 3MC
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Question
![Operating cash flow. Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of
$81,500,000, cost of goods sold of $34,500,000, sales and administrative costs of $6,200,000, depreciation expense of
$7,100,000, and a tax rate of 30%.
The operating cash flow is $
(Round to the nearest dollar.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F955ff4f4-16d4-4965-9c48-d9ab4c3976eb%2F843d8710-b526-47e2-9212-cf6da6ab8edb%2Fp4ouwt_processed.png&w=3840&q=75)
Transcribed Image Text:Operating cash flow. Find the operating cash flow for the year for Robinson and Sons if it had sales revenue of
$81,500,000, cost of goods sold of $34,500,000, sales and administrative costs of $6,200,000, depreciation expense of
$7,100,000, and a tax rate of 30%.
The operating cash flow is $
(Round to the nearest dollar.)
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Operating Cash Flow:
- It represents the cash produced by the firm from its normal operations of the business.
- The operating cash flow is estimated by adding the non-cash expenses like depreciation to the firm's net income.
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