For a given year,Rogers Express paid $318 in interest,$460 in dividends,and $368 in taxes.The firm had a net income of $1,220,depreciation of $1,560,an increase in net working capital of $220,an increase in net fixed assets of $950,and a decrease in long-term debt of $260.There were no changes in the equity accounts other than the change in retained earnings.What is the annual cash flow of the firm?
A) $3,148
B) $1,610
C) $2,780
D) $1,038
E) $50
Correct Answer:
Verified
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