Given the following income statement data, calculate operating cash flow; net sales = $5,200, cost of...
Given the following income statement data, calculate operating cash flow; net sales = $5,200, cost of goods sold = $2,650, operating expenses = $605, depreciation = $620, interest expense = $195, tax rate = 34%.
Homework Answers
Answer:
Computation of Net Income:
| Particulars | Amount |
| Net Sales | 5200 |
| Less: Cost of Goods sold | 2650 |
| Gross profit | 2550 |
| Less operating expenses | 605 |
| EBITDA | 1945 |
| Less Depreciation | 620 |
| EBIT | 1325 |
| Less: Interest | 195 |
| Earning before Tax | 1130 |
| Less: Tax | 384.20 |
| Net Income | 745.80 |
Note: Depreciation is an operating expense, It is a non cash expense too so we will add it back to the Net income to know the Operating cash flow.
Operating cash flow =Net Income + Depreciation
OCF: 745.80 + 620 = $1365.80
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