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.
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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Given infomration Earning after tax $ 650,000 Depreciation $ 400,000 Deferred taxes $ 100,0…View the full answer
Related Book For 
Contemporary Financial Management
10th Edition
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
ISBN: 9780324289114