Assume a corporation has earnings before depreciation and taxes of $107,000, depreciation of $45,000, and that it has a 30 percent tax bracket. a. Compute its cash flow using the following format. (Input all answers as positive values.) Earnings before depreciation and taxes 107,000 Depreciation 45,000 Earnings before taxes $ 62,000 Taxes 18,600 Earnings after taxes 43,400 Depreciation 45,000 Cash flow 2$ 88,400

Assume a corporation has earnings before depreciation and taxes of $107,000, depreciation of $45,000, and that it has a 30 percent tax bracket. a. Compute its cash flow using the following format. (Input all answers as positive values.) Earnings before depreciation and taxes 107,000 Depreciation 45,000 Earnings before taxes $ 62,000 Taxes 18,600 Earnings after taxes 43,400 Depreciation 45,000 Cash flow 2$ 88,400

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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