Daniel's Market has sales of $36,600,costs of $28,400,depreciation expense of $3,100,and interest expense of $1,500.If the tax rate is 34 percent,what is the operating cash flow,OCF?

Name: Daniel's Market has sales of $36,600,costs of $28,400,depreciation expense of $3,100,and interest expense of $1,500.If the tax rate is 34 percent,what is the operating cash flow,OCF?
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Quizplus · Accepted Answer

EBIT = $36,600 - $28,400 - $3,100 = $5,100; Tax = ($5,100 - $1,500) × 0.34 = $1,224; OCF = $5,100 + $3,100 - $1,224 = $6,976

Daniel's Market Has Sales of $36,600,costs of $28,400,depreciation Expense of $3,100,and