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Velocity Cycles Inc. has the following financial data: Sales $820,000 Costs $190,000 Depreciation Expense = $28,500 Interest Expense = $3,200 Average Tax Rate = 24% How much Operating Cash Flow (OCF) did the firm generate?

Velocity Cycles Inc. has the following financial data: Sales $820,000 Costs $190,000 Depreciation Expense = $28,500 Interest Expense = $3,200 Average Tax Rate = 24% How much Operating Cash Flow (OCF) did the firm generate?

Intermediate Financial Management (MindTap Course List)
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 11P: The Berndt Corporation expects to have sales of 12 million. Costs other than depreciation are...
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Velocity Cycles Inc. has the following financial data: Sales $820,000 Costs $190,000 Depreciation Expense = $28,500 Interest Expense = $3,200 Average Tax Rate = 24% How much Operating Cash Flow (OCF) did the firm generate?
Transcribed Image Text:Velocity Cycles Inc. has the following financial data: Sales $820,000 Costs $190,000 Depreciation Expense = $28,500 Interest Expense = $3,200 Average Tax Rate = 24% How much Operating Cash Flow (OCF) did the firm generate?
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