Last Year Curative Technologies Inc

question 70

Multiple Choice

Last year Curative Technologies Inc.reported earnings after-tax of $23 million.Included in the expenses were depreciation of $3.7 million and interest expenses of $2.9 million.The year-end balance sheets shows an increase in deferred taxes of $2.6 million to a total of $14.2 million.What is Curative Technologies' after­tax cash flow for last year? Assume a marginal tax rate of 40%.

• A)$20.1 million
• B)$32.2 million
• C)$29.3 million
• D)$26.4 million

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Definitions:

Ethical Issues

Matters or situations that involve debates over right and wrong, often requiring a decision on moral grounds.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Expanded

Refers to an increase in size, scope, or scale of an operation or activity.

Sandwich Generation

A generation of people who are caring for their aging parents while supporting their own children.