
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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warm up exercise e4-3
problem p4-15
problem p4-12


Transcribed Image Text:recei
E4-3 Star Industries has published its annual account. It indicates that during the year the
da 1ol n firm had sales of $3,500,000, cost of goods sold totaled $2,300,000, operating
expenses of $420,000, and depreciation expenses of $240,000. The firm is in 30%
tax bracket. Determine the firm's operating cash flow (OCF).
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