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Determine the operating cash flow for clarksville company

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Reference no: EM132512127

Please provide step by step explanation for Clarksville Printing Company sold 1,500 finance books for $85 each to James University in 2019. These books cost Clarkesville $62 each to produce. In the marketing of the books, the Company paid $4,600 to a marketing firm, and it also borrowed $50,000 on January 1, 2019, on which the Company paid 10 percent interest. Both interest and principal are paid on December 21, 2019. Depreciation expense for the year was $8,000 and Clarksville's tax rate is 25 percent.

please help with the following question.

Question 1: Verify whether Clarksville Printing Company made a profit in 2019, by presenting an income statement in good form.

Question 2: Explain the impact of the new loan of $50,000 and the depreciation expense on the cash flows.

Question 3: Determine the Operating Cash Flow for Clarksville Company. What accounts for the difference in the net income and the operating cash flow?

Reference no: EM132512127

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