Homework Answers
a). Total Expenses = Revenue - Net Income = 30 - 2.4 = 27.6, or $27.6 million
b). Total Cash Expenses = Total Expenses - Depreciation = 27.6 - 1 = 26.6, or $26.6 million
a). Cash Flow = Net Income + Depreciation = 2.4 + 1 = 3.4, or $3.4 million
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