1. Swenson Foods has sales for the year of $326,000 costs of $227,800, depreciation of $45,400, interest paid of $6,200, and a tax rate of 35 percent. What is the amount of the depreciation tax shield?

$16,310

$18,160

$15,890

$21,880

2. A firm has sales for the year of $99,000, costs of $51,000, and taxes of $17,000. What is the operating cash flow for the year?

$24,000

$31,000

$35,000

3. Teller Forests has net income for the year of $202,300. What is the operating cash flow for the year if the tax rate is 35 percent and the depreciation expense is $32,000? There is no interest paid.

$186,945

$234,300

$157,045