Question

For the past year, Kayla, Inc., has sales of $46,577, interest expense of $3,932, cost of goods sold of $16,834, selling and administrative expense of $11,861, and depreciation of $6,560. If the tax rate is 38 percent, what is the operating cash flow?

Answer 1

Answer:

The answer is $15,073.8

Explanation:

To get operation cash flow in this question, we need to first find net income because this will be an indirect method of cash flow in which operating cash flow starts from Net income.

Please refer to the attached for the calculation