INTERMEDIATE ACCOUNTING WPNG MULTI-S
17th Edition
ISBN: 2818440096518
Author: Kieso
Publisher: WILEY
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What is the annual net cash flow for this accounting question?
Omega Manufacturing reported its net income as $500,000
last year. A review of its income statement shows that:
Operating expenses (excluding depreciation and
amortization) were $1,200,000
Depreciation and amortization expense was $250,000
Tax rate: 30%
The firm has no debt (financed with stock only).
a. What were Omega's sales revenues last year?
b. What was Omega's net cash flow last year?
c. What was Omega's operating cash flow last year?
What is the budgeted cost of goods sold COGS FOR JUNE?
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