Le Place Has Sales of $439,000,depreciation of $32,000,and Net Working

question 29

Multiple Choice

Le Place has sales of $439,000,depreciation of $32,000,and net working capital of $56,000. The firm has a tax rate of 34% and a profit margin of 6%. The firm has no interest expense. What is the amount of the operating cash flow?

• A) $49,384
• B) $52,616
• C) $54,980
• D) $58,340
• E) $114,340

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