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Business, 31.03.2020 16:19 Arealbot

Prescott Football Manufacturing had the following operating results for 2019: sales = $30,774; cost of goods sold = $21,956; depreciation expense = $3,596; interest expense = $604; dividends paid = $897. At the beginning of the year, net fixed assets were $20,394, current assets were $1,973, and current liabilities were $5,108. At the end of the year, net fixed assets were $23,257, current assets were $4,579, and current liabilities were $3,269. The tax rate for 2019 was 23 percent. What is the operating cash flow for 2019?

a. 7756
b. 3596
c. 4122
d. 7540
e. 8830

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Answers: 1

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