Timber firewood company reported the following numbers in, Ask an Expert

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Timber firewood company reported the following numbers in its 2010 income statement:

EBIT $520,000
Depreciation $35,000
Interest expenses $24,000
General expenses $110,000

If it's marginal tax rate was 30%, what were Timber's cash flows from operating activities for 2010?

a. $347,200
b. $382,200
c. $496,000
d. $520,000

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Basic Finance, Finance

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