Answered: Sheaves, Inc., has sales of $48,000,…

Sheaves, Inc., has sales of $48,000, costs of $22,200, depreciation expense of $2,050, and interest expense of $1,800. If the tax rate is 24 percent, what is the operating cash flow, or OCF?

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 4P: Talbot Enterprises recently reported an EBITDA of $8 million and net income of $2.4 million. It had...

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Give general accounting question true answer

Sheaves, Inc., has sales of $48,000, costs of $22,200,
depreciation expense of $2,050, and interest expense of
$1,800. If the tax rate is 24 percent, what is the operating
cash flow, or OCF?

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