For the past year, Dog Pound, Incorporated, has sales of $47,162, interest expense of $4,166, cost of goods sold of $17,359, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate is 21 percent, what is the operating cash flow?

For the past year, Dog Pound, Incorporated, has sales of $47,162, interest expense of $4,166, cost of goods sold of $17,359, selling and administrative expense of $12,146, and depreciation of $6,995. If the tax rate is 21 percent, what is the operating cash flow?

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 7P

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Question

For the past year, Dog Pound, Incorporated, has sales of $47,162, interest expense of $4,166, cost of goods sold of $17,359, selling and
administrative expense of $12,146, and depreciation of $6,995. If the tax rate is 21 percent, what is the operating cash flow?
Multiple Choice
O
O
$11,023
$13,816
$4,028
$16,293

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