A firm has the income statement as follows: Sales $10,000 Cost of Goods Sold 7,000 Other Expenses
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Question:
A firm has the income statement as follows:
Sales | $10,000 |
Cost of Goods Sold | 7,000 |
Other Expenses | 500 |
Depreciation | 1,000 |
Total Operating Costs | 8,500 |
EBIT | $ 1,500 |
Interest Expense | 600 |
EBT | $ 900 |
Taxes (40%) | 360 |
Net Income | $ 540 |
What is the firm's operating cash flow (OCF)?
Related Book For
Introduction to Financial Accounting
ISBN: 978-0133251036
11th edition
Authors: Charles Horngren, Gary Sundem, John Elliott, Donna Philbrick
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