Question: Flash Corp. had the following operating results for the past year: Sales: $30,500 ⚫ Depreciation: $2,000 Interest expense: $1,500 Costs: $22,000 The tax rate for the year was 35 percent. What was the company's operating cash flow?

Question: Flash Corp. had the following operating results for the past year: Sales: $30,500 ⚫ Depreciation: $2,000 Interest expense: $1,500 Costs: $22,000 The tax rate for the year was 35 percent. What was the company's 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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Question:
Flash Corp. had the following operating results for the past year:
Sales: $30,500
⚫ Depreciation: $2,000
Interest expense: $1,500
Costs: $22,000
The tax rate for the year was 35 percent.
What was the company's operating cash flow?

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