From the Following Income Statement Information, Calculate Johnson's After Tax

question 32

Multiple Choice

From the following income statement information, calculate Johnson's after tax cash flow from operations. Net sales = $2,500
Cost of goods sold = $1050
Operating expenses = $490
Depreciation = $300
Tax rate = 34%

• A) $660.00
• B) $990.00
• C) $1257.00
• D) $735.60
• E) $1059.00

---

Definitions:

Hypertext Transfer

A protocol used on the internet for transmitting HTML documents, enabling the web to function.

E-commerce Business

A business model that involves selling goods and services over the internet.

Dotted Quad

A notation for expressing IP addresses using four decimal numbers separated by dots, specifically in IPv4.

Dotted Decimal

A representation of IP addresses wherein four sets of numbers separated by dots indicate the unique address.