Question: Duke Fishron needs your help calculating the operating cash flow (OCF) for his business. Last year he sold 2,700 units for a price of $50.00
Duke Fishron needs your help calculating the operating cash flow (OCF) for his business. Last year he sold 2,700 units for a price of $50.00 per unit. Each unit sold cost him $35.00 and his fixed costs for the year were $18,000. The depreciation expense was $17,000 and his marginal tax rate was 20%. What was his OCF last year? Answer as a dollar amount rounded to 2 decimal places (e.g., 12.34)
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