Question: . (all numbers are in THOUSANDS ... 100 = $ 100,000) Sales = 100 , Expenses = 47, Depreciation = 20, Interest = 12, Assume

. (all numbers are in THOUSANDS ... 100 = $ 100,000) Sales = 100 , Expenses = 47, Depreciation = 20, Interest = 12, Assume a flat 25 % tax rate, There are no preferred stock dividends, but a common stock dividend of 7 is paid. Calculate the Retained Earnings and the Operating Cash Flow.

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