Homework Help is Here – Start Your Trial Now!
Business
Accounting
Riverbank Company has annual sales of $75,000, operating costs of $32,500, depreciation expense of $4,200, and interest expense of $2,800. If the company's tax rate is 22 percent, what is the operating cash flow (OCF)?

Riverbank Company has annual sales of $75,000, operating costs of $32,500, depreciation expense of $4,200, and interest expense of $2,800. If the company's tax rate is 22 percent, what is the operating cash flow (OCF)?

Intermediate Financial Management (MindTap Course List)
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...
See similar textbooks
icon
Related questions
Question
100%

I am searching for the accurate solution to this general accounting problem with the right approach.

Riverbank Company has annual sales of $75,000, operating costs of $32,500, depreciation expense of $4,200, and interest expense of $2,800. If the company's tax rate is 22 percent, what is the operating cash flow (OCF)?
Transcribed Image Text:Riverbank Company has annual sales of $75,000, operating costs of $32,500, depreciation expense of $4,200, and interest expense of $2,800. If the company's tax rate is 22 percent, what is the operating cash flow (OCF)?
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Financial Management (MindTap Course…
Intermediate Financial Management (MindTap Course…
Finance
ISBN:
9781337395083
Author:
Eugene F. Brigham, Phillip R. Daves
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS