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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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?
Transcribed Image Text: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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