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22 November, 15:46

Hailey, inc., has sales of $19,630, costs of $9,400, depreciation expense of $2,070, and interest expense of $1,560. assume the tax rate is 30 percent. what is the operating cash flow, or ocf

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  1. 22 November, 15:51
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    Sales = 19,630

    Costs = 9,400

    Gross Profit = 10,230

    Depreciation = 2,070

    Interest expense = 1,560

    Earnings before tax = 6,600

    Taxes at 30% = 1,980

    Net Income = 4,620

    Add back Depreciation = 2,070 (as it is an non cash expense)

    Operating cash flow (OCF) = $ 6,690
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