Find the operating cash flow for the year for harper brothers, inc. if it had sales revenue of $ 302,400,000, cost of goods sold of $ 148,900,000, sales and administrative costs of $ 39,200,000, depreciation expense of $ 60,300,000, and a tax rate of 40 %.

The operating cash flow for the year is $ 92,700,000.

Explanation:

taxes = [(tax rate)/100]*(sales revenue - cost of goods sold - sales and administrative costs - depreciation expense )

         = [(40)/100]*($ 302,400,000 - $ 148,900,000 - $ 39,200,000 -               $ 60,300,000)

         = $ 21600000

net income = $ 302,400,000 - $ 148,900,000 - $ 39,200,000 -              $ 60,300,000 - $ 21600000

                   = $ 32400000

operating cash flow = net income + depreciation expense

                                  = $ 32400000 + $ 60,300,000

                                  = $ 92,700,000

Therefore, the operating cash flow for the year is $ 92,700,000.

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