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25 February, 03:53

Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the tax rate is 35 percent. What is the operating cash flow, or OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e. g., 32.)

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  1. 25 February, 04:23
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    Net operating income = 4,134

    Explanation:

    Giving the following information:

    Hailey, Inc., has sales of $19,570, costs of $9,460, depreciation expense of $2,130, and interest expense of $1,620. Assume the tax rate is 35 percent.

    Sales = 19,570

    COGS = 9,460

    Gross profit = 10,110

    Depreciation expense = 2,130

    Interest expense = 1,620

    EBT = 6,360

    Tax = 2,226

    Net operating income = 4,134
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