In the current year company y earns cash-basis revenues of, Ask an Expert

Finance

In the current year, Company Y earns cash-basis revenues of $1,000,000. Their expenses (excluding depreciation) were $800,000, and the depreciation expense was $100,000. The applicable tax rate is 40%. Calculate Company Y’s operating cash flow for the current year.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91782662

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