Question: Given the following income statement data, determine operating cash flow for the period: net sales = $7,500 cost of goods sold = $2,500 operating expenses
Given the following income statement data, determine operating cash flow for the period:
net sales = $7,500
cost of goods sold = $2,500
operating expenses = $1,500
depreciation = $1,000
interest expense = $500
dividends paid = $500
tax rate = 25%
tax paid = $500
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