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Business, 17.07.2020 22:01 maddy1276

During the year, the Senbet Discount Tire Company had gross sales of $1.14 million. The firm’s cost of goods sold and selling expenses were $533,000 and $223,000, respectively. The firm also had notes payable of $880,000. These notes carried an interest rate of 7 percent. Depreciation was $138,000. The firm’s tax rate was 35 percent. What was the firm’s operating cash flow?

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During the year, the Senbet Discount Tire Company had gross sales of $1.14 million. The firm’s cost...
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