Ship-to-Shore had earnings after tax (EAT) of $280,000 last year. Its expenses included depreciation of $55,000, interest

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Ship-to-Shore had earnings after tax (EAT) of $280,000 last year. Its expenses included depreciation of $55,000, interest of $40,000. It sold new stock for which it received $20,000. The company also purchased a new commercial fishing boat for $40,000. What is Ship-to-Shore’s net 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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