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Problem: Income Statement

Chevelle, Inc., has sales of $39,500, costs of $18,400, depreciation expense of $1,900, and interest expense of $1,400. If the tax rate is 21 percent, what is the operating cash flow, or OCF? $ Sales Costs Depreciation Expense Interest Expense Tax rate 39,500 18,400 1,900 1,400 21% Complete the following analysis. Do not hard calculations. values in your Income Statement Sales 39,500 Costs 18,400 Depreciation expense 1,900 EBIT Interest expense 1,400 EBT Taxes (21%) Net income Operating cash flow