contestada

Find the operating cash flow for the year for Harper​ Brothers, Inc. if it had sales revenue of $ 316,500,000​,cost of goods sold of $ 140 comma 500 comma 000​,sales and administrative costs of $ 39 comma 000 comma 000​,depreciation expense of $ 65 comma 400 comma 000​,and a tax rate of 40 %.

Respuesta :

hyderali230

Answer:

The operating cash flow for the year for Harper​ Brothers, Inc is 108,360,000

Explanation:

Sales revenue                                    $316,500,000​

- Cost of goods sold                          $140,500,000

= Gross Income​                                  $176,000,000

- Sales and administrative costs       $39,000,000​

- Depreciation expense                     $65,400,000​

= Operating Income                           $71,600,000

- Tax rate of 40 %                               $28,640,000

= Net Profit                                          $42,960,000

Operating Cash Flow For the Year

  Net Income                                     $42,960,000

+ Non Cash Expenses                      $65,400,000

- Increase in Working Capital           $0                  

Operating Cash Flow                       $108,360,000

Otras preguntas