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Problem:

Nimitz Rental Company provided the following information to its auditors. For the year ended March 31, 2011, the company had revenues of $856,870, general and administrative expenses of $394,279, depreciation expenses of $131,455, leasing expenses of $108,195, and interest expenses equal to $78,122. If the company's tax rate is 34 percent.

Required:

Question: What is the cash flow for Nimitz Rental?

Note: Please show how you came up with the solution.

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M91148666

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