Last year, Blue Lake Mines, Inc. had earnings after tax of $650,000. Included in its expenses were

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Last year, Blue Lake Mines, Inc. had earnings after tax of $650,000. Included in its expenses were depreciation of $400,000 and deferred taxes of $100,000. The company also purchased new capital equipment for $300,000 last year. Calculate Blue Lake's after-tax cash flow for last year.


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Contemporary Financial Management

ISBN: 9780324289114

10th Edition

Authors: James R Mcguigan, R Charles Moyer, William J Kretlow

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