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Thompson Manufacturing had sales revenue of $120,000,000, cost of goods sold of $50,000,000, sales and administrative costs of $15,000,000, depreciation expense of $12,000,000, and a tax rate of 25%. What is the operating cash flow for the year? If a company's sales revenue was $89.45 million, and their accounts receivable increased by $17.23 million, while also having prepaid expenses of $9.58 million, what was the cash received from customers? Options: a. $96.88 million b. $62.22 million c. $105.13 million d. $88.49 million

Thompson Manufacturing had sales revenue of $120,000,000, cost of goods sold of $50,000,000, sales and administrative costs of $15,000,000, depreciation expense of $12,000,000, and a tax rate of 25%. What is the operating cash flow for the year? If a company's sales revenue was $89.45 million, and their accounts receivable increased by $17.23 million, while also having prepaid expenses of $9.58 million, what was the cash received from customers? Options: a. $96.88 million b. $62.22 million c. $105.13 million d. $88.49 million

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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Thompson Manufacturing had sales revenue of $120,000,000, cost of goods sold of $50,000,000, sales and administrative costs of $15,000,000, depreciation expense of $12,000,000, and a tax rate of 25%. What is the operating cash flow for the year? If a company's sales revenue was $89.45 million, and their accounts receivable increased by $17.23 million, while also having prepaid expenses of $9.58 million, what was the cash received from customers? Options: a. $96.88 million b. $62.22 million c. $105.13 million d. $88.49 million
Transcribed Image Text:Thompson Manufacturing had sales revenue of $120,000,000, cost of goods sold of $50,000,000, sales and administrative costs of $15,000,000, depreciation expense of $12,000,000, and a tax rate of 25%. What is the operating cash flow for the year? If a company's sales revenue was $89.45 million, and their accounts receivable increased by $17.23 million, while also having prepaid expenses of $9.58 million, what was the cash received from customers? Options: a. $96.88 million b. $62.22 million c. $105.13 million d. $88.49 million
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