Phoenix Energy has total sales of $2,512,400 and costs of $1,675,300. Depreciation is $75,800, and the tax rate is 30 percent. The firm does not have any interest expenses. What is the operating cash flow?

Phoenix Energy has total sales of $2,512,400 and costs of $1,675,300. Depreciation is $75,800, and the tax rate is 30 percent. The firm does not have any interest expenses. What is the operating cash flow?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...

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Financial Accounting

Phoenix Energy has total sales of
$2,512,400 and costs of $1,675,300.
Depreciation is $75,800, and the tax rate
is 30 percent. The firm does not have any
interest expenses. What is the operating
cash flow?

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