Scorch & Burn Fire Extinguishers, Inc. had an operating income (EBIT) of $260,000 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest expenses and $60,000 in selling, general, and administrative expenses. If Scorch & Burn has a marginal tax rate of 40%, what was its after-tax cash flow for last year?

Answer rating: 100% (QA)

To calculate Scorch Burn Fire Extinguishers Incs aftertax cash flow for last year well follow these ... View the full answer