The following information for Towsontown, Inc. is provided:Net
Sales:
$88,000Operating
Costs:
$72,000 (doesn’t include depreciation)Depreciation
Expense:
$ 7,200 (no amortization charges occurred)Debt:
$40,000Interest
Rates:
10% AnnualTax
Rate:
34%How much net cash flow did Woodley generate over the past
year?a.
$3,168 b.
$3,268 c.
$10,168 d.
$10,368 e. $11,368