For the past year, Kayla, Inc., has sales of $45,797, interest expense of $3,620, cost of...

For the past year, Kayla, Inc., has sales of $45,797, interest expense of $3,620, cost of goods sold of $16,134, selling and administrative expense of $11,481, and depreciation of $5,980. If the tax rate is 35 percent, what is the operating cash flow?

Expert Solution

1]	The summary income statement would be:
	Sales	$ 45,797.00
	Cost of goods sold	$ 16,134.00
	Selling and administrative expenses	$ 11,481.00
	Depreciation	$ 5,980.00
	EBIT	$ 12,202.00
	Interest expense	$ 3,620.00
	EBT	$ 8,582.00
	Tax at 35%	$ 3,003.70
	Net income	$ 5,578.30
2]	Operating cash flow = EBIT+Depreciation-Taxes = 12202+5980-3003.70 =	$ 15,178.30

jeff jeffy answered 4 months ago

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