TechPro Industries disclosed the following financial information: sales of $2.85 million, cost of goods sold of $1,623,500, depreciation expense of $246,800, and interest expenses of $138,600. Assume that the firm has an average tax rate of 31 percent. Compute the cash flows to investors from operating activity.
TechPro Industries disclosed the following financial information: sales of $2.85 million, cost of goods sold of $1,623,500, depreciation expense of $246,800, and interest expenses of $138,600. Assume that the firm has an average tax rate of 31 percent. Compute the cash flows to investors from operating activity.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 6DQ
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