Answer:
$15,266
Explanation:
Sales $46,382
Less: Cost of goods sold <u>$16,659</u>
Gross profit $29,723
Less: Selling & administrative expense $11,766
Less: Depreciation <u>$6,415</u>
Earnings before interest and tax (EBIT) $11,542
Less: Interest expenses <u>$3,854</u>
Earnings before tax (EBT) $7,688
Less: Tax expenses (7688*35%) <u>$2,691</u>
Earnings after tax <u>$4,997</u>
Operating cash flow = EBIT + Depreciation expenses - Tax expenses
Operating cash flow = $11,542 + $6,415 - $2,691
Operating cash flow = $15,266