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5 October, 06:06

Outdoor sports paid $12,500 in dividends and $9,310 in interest over the past year. sales totaled $361,820 with costs of $267,940. the depreciation expense was $16,500 and the tax rate was35 percent. what was the amount of the operating cash flow?

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  1. 5 October, 08:05
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    I came to the conclusion by using the following sum - $361,820-267,940-16,500 = $77,380 Tax = ($77,380-9,310) $215;.35 = $23,824.50 OCF = $77,380 + 16,500 - 23,824.50

    Answer: $70,056
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