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?
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
