Sheaves, Inc, has sales of $55,500, costs of $25,200, depreciation expense of $2,800, and interest expense of $2,550. If the tax rate is 24 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculetions.) Operating cash flow

Sheaves, Inc, has sales of $55,500, costs of $25,200, depreciation expense of $2,800, and interest expense of $2,550. If the tax rate is 24 percent, what is the operating cash flow, or OCF? (Do not round intermediate calculetions.) Operating cash flow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Sheaves, Inc.., has sales of $55,500, costs of $25.200, depreciation expense of $2,800,
and interest expense of $2,550.
If the tax rate is 24 percent, what is the operating cash flow, or OCF? (Do not round
intermediate calculetions.)
Operating cash fow

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