RTF Oil has total sales of $911,400 and costs of $787,300. Depreciation is $52,600 and...
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RTF Oil has total sales of $911,400 and costs of $787,300. Depreciation is $52,600 and the tax rate is 34 percent. The firm does not have any interest expense. What is the operating cash flow? A) $79,924 B) $81,417 C) $99,790 D) $148,410 E) $68,320 Version A 14) Beach Front Industries has sales of $546,000, costs of $295,000, depreciation expense of $37,000, interest expense of $15,000, and a tax rate of 32 percent. The firm paid $59,000 in cash dividends. What is the addition to retained earnings? A) $103,460 B) $76,320 C) $95,200 D) $81,700 E) $121,680 Accounts for 2015
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