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.)
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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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
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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