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?
A) $64,232
B) $65,306
C) $57,556
D) $70,056
E) $70,568
Correct Answer:
Verified
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