Burns Industries has total sales of $258,232 and costs of $146,520 (Note: costs do not include depreciation expense). Depreciation expense is $37,040 and the tax rate is 29 percent. The firm does not have any interest expense. What is the operating cash flow (OCF)

$90,057

Explanation:

Sales $258,232

Less: Costs

($146,520)

Depreciation

($37,040)

Operating income

$74,672

Less Tax

($21,655)

Net income

$53,017

Operating cash flow = Net income + Non cash expenses - increase in working capital

= $53,017 + $37,040 - 0

= $90,057

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.