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You are a accountiong analyst for a small manufacturing company. The company CEO has requested the operating cash flow for the most recent fiscal year. After reviewing the financial documents, you find that the company's earnings before taxes and interest were $520,000, depreciation expenses were $45,000, amortization expenses were $12,000, and they paid estimated taxes of $78,000. What is the operating cash flow for the fiscal year? Explain your answer.

You are a accountiong analyst for a small manufacturing company. The company CEO has requested the operating cash flow for the most recent fiscal year. After reviewing the financial documents, you find that the company's earnings before taxes and interest were $520,000, depreciation expenses were $45,000, amortization expenses were $12,000, and they paid estimated taxes of $78,000. What is the operating cash flow for the fiscal year? Explain your answer.

Financial Accounting
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 1CP: Lucas Hunter, president of Simmons Industries Inc., believes that reporting operating cash flow per...
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You are a accountiong analyst for a small manufacturing company. The company CEO has requested the operating cash flow for the most recent fiscal year. After reviewing the financial documents, you find that the company's earnings before taxes and interest were $520,000, depreciation expenses were $45,000, amortization expenses were $12,000, and they paid estimated taxes of $78,000. What is the operating cash flow for the fiscal year? Explain your answer.
Transcribed Image Text:You are a accountiong analyst for a small manufacturing company. The company CEO has requested the operating cash flow for the most recent fiscal year. After reviewing the financial documents, you find that the company's earnings before taxes and interest were $520,000, depreciation expenses were $45,000, amortization expenses were $12,000, and they paid estimated taxes of $78,000. What is the operating cash flow for the fiscal year? Explain your answer.
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