Please show all work
During 2014, Eagle Beach Company EBC) had sales of $520,000, cost of goods sold of $390,000, administrative and selling expenses of $65,000, depreciation expense of $100,000 and interest expense of $70,000. The tax rate is 35 percent. Ignore any tax loss carryback or carry forward provisions. What is the operating cash flow for EBC?
Solution :
The operating cash flow for EBC = $ 31,750
Please find the attached screenshot of the excel sheet containing the detailed calculation for the solution.
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