The Oakland Mills Company has disclosed the following financial information in its annual reports for the...

The Oakland Mills Company has disclosed the following financial information in its annual reports for the period ending March 31, 2013: sales of $1,426,000, costs of goods sold of $815,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has a tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $

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Sales	$ 14,26,000.00
Less:
Cost of goods sold	$ 8,15,000.00
Dereciation	$ 1,75,000.00
Interest expenses	$ 89,575.00
Income before tax	$ 3,46,425.00
Less: Income Tax at 35%	$ 1,21,248.75
Net Income	$ 2,25,176.25
Add: Depreciation	$ 1,75,000.00
Interest expenses	$ 89,575.00
Cash flow from operating activities	$ 4,89,751.25

jeff jeffy answered 2 years ago

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