The Paint Ball Range,Inc.paid $30,500 in dividends and $7,600 in interest over the past year.Sales totaled $211,800 with costs of $167,900.The depreciation expense was $16,500.The applicable tax rate is 34 percent.What is the amount of the operating cash flow?
A) $14,232
B) $15,306
C) $28,222
D) $37,168
E) $40,568
Correct Answer:
Verified
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