Ship-To-Shore Earned $280,000 After Taxes Last Year

question 22

Multiple Choice

Ship-to-Shore earned $280,000 after taxes last year. Its expenses included depreciation of $55,000, interest expenses of $40,000, and deferred taxes of $20,000. The company also purchased two new fresh water fishing boats for $40,000 ($20,000) each. What is Ship-to-Shore's after-tax cash flow for last year?

• A) $395,000
• B) $355,000
• C) $315,000
• D) $280,000