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Riverdale Manufacturing has total sales of $2,800 and costs of $1,450. Depreciation expense is $320 and the tax rate is 28 percent. The company has no interest expense. What is Riverdale's operating cash flow?

Riverdale Manufacturing has total sales of $2,800 and costs of $1,450. Depreciation expense is $320 and the tax rate is 28 percent. The company has no interest expense. What is Riverdale's operating cash flow?

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...
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Riverdale Manufacturing has total sales of $2,800 and costs of $1,450. Depreciation expense is $320 and the tax rate is 28 percent. The company has no interest expense. What is Riverdale's operating cash flow?
Transcribed Image Text:Riverdale Manufacturing has total sales of $2,800 and costs of $1,450. Depreciation expense is $320 and the tax rate is 28 percent. The company has no interest expense. What is Riverdale's operating cash flow?
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