Chevelle, Inc. has sales of $69923, costs of $12736, depreciation expense of $5231, and interest expense...

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Chevelle, Inc. has sales of $69923, costs of $12736, depreciation expense of $5231, and interest expense...

Chevelle, Inc. has sales of $69923, costs of $12736, depreciation expense of $5231, and interest expense of $1746. If the tax rate is 33 percent, what is the operating cash flow, or OCF? (round answer to two decimal places)

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Answer 1

Answer #1

Net Income:
Sales revenue			69923
Less: Cost of goods sold			12736
Gross profit			57187
Less: expenses
Depreciation expenses			5231
Interest expense			1746
Net income before tax			50210
Less: tax @ 33%			16569
After tax income			33641


Operating Cashflows:
Net Income for the year			33641
Add: Depreciation			5231
Operating Cashflows:			38872

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Answer 2

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Chevelle, Inc. has sales of $69923, costs of $12736, depreciation expense of $5231, and interest expense...

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Chevelle, Inc. has sales of $69923, costs of $12736, depreciation expense of $5231, and interest expense...