Emma Corp.had earnings before interest and taxes of $500,000 and had a depreciation expense of $200,000 this last year.If the firm was subject to an average tax rate of 30%,what was Emma's operating cash flow for the year? If you need to,assume that Emma's interest expense was zero for the year.
A) $175,000
B) $82,500
C) $25,000
D) It lost money
Correct Answer:
Verified
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