Alpine Corp. had earnings before interest and taxes of $800,000 and had a depreciation expense...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Alpine Corp. had earnings before interest and taxes of $800,000 and had a depreciation expense of $400,000 this last year. If the firm was subject to an average tax rate of 40%, what was Alpines Corp. operating cash flow for the year? If you need to, assume Alpines interest expense was zero for the year.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
