Last year, Parking Corporation had net sales of $3,000,000 and cost of goods sold of $1,500,000....

 

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Last year, Parking Corporation had net sales of $3,000,000 and cost of goods sold of $1,500,000. Its depreciation charge was $400,000 and selling, general, and administrative expense was $600,000. If the interest charge was $30,000 and the tax rate is 25%, what was the operating cash flow? Ignore any carry back or carry forward of loss for tax purposes. Last year, Parking Corporation had net sales of $3,000,000 and cost of goods sold of $1,500,000. Its depreciation charge was $400,000 and selling, general, and administrative expense was $600,000. If the interest charge was $30,000 and the tax rate is 25%, what was the operating cash flow? Ignore any carry back or carry forward of loss for tax purposes.