FIN MCQ
FRL 300
Crandall Oil has total sales of $1,349,800 and cost of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
Crandall Oil has total sales of $1,349,800 and cost of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
Crandall Oil has total sales of $1,349,800 and cost of $903,500. Depreciation is $42,700 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow?
a. $129,152
b. $171,852
c. $179,924
d. $281,417
e. $309,076
Answer: E
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