Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $391289; costs...
Jetson Spacecraft Corp. shows the following information on its 2015 income statement: sales = $391289; costs = $221584; other expenses = $7663; depreciation expense = $19394; interest expense = $14166; taxes = $15863; dividends = $11326. In addition, you’re told that the firm issued $6997 in new equity during 2015 and redeemed $3606 in outstanding long-term debt. What is the 2015 operating cash flow
Homework Answers
Operating Cash Flow = EBIT + Depreciation – Taxes
Operating Cash Flow = $142,648 + $19,394 - $15,863
Operating Cash Flow = $146,179
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