A. During 2018, Fossil INC had sales of $600,000, cost of goods sold of $450,000, administrative and selling expenses of $95,000, depreciation expense of $140,000 and interest expense of $70,000. The tax rate is 35 percent. Ignore any tax loss carry back or carry forward provisions. What is the operating cash flow for Fossil? 

B. If Fossil, Inc. has sales of 12,300, total assets of 13,000, a debt to equity ratio of 1.3 and a return on equity of 15 percent, what is Fossils net income?

Answer rating: 100% (QA)

A Fossil Incs Operating Cash Flow OCF for 2018 We can calculate the operating cash flow OCF using th... View the full answer