Please Provide answer need fast TechPro Industries disclosed the following financialinformation: sales of $2.85 million, cost of goods sold of$1,623,500, depreciation expense of $246,800, andinterest expenses of $138,600. Assume that the firm hasan average tax rate of 31 percent. Compute the cash flowsto investors from operating activity.

Step 1: Given Value for CalculationSales = s = $2.85 millionCost of Goods Sold = cogs =…

Answered: TechPro Industries disclosed the…

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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JJ's has net sales of $48,920, depreciation of $711, cost of goods sold of $31,890, administrative costs of $11,210, interest expense of $680, dividends paid of $450, and a tax rate of 20%. What is the net cash from operating activities as it will appear on the accounting statement of cash flows if the firm spent $274 on net working capital? $3,980 $3,056 $3,667 $4,066
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