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What was the operating cash flow for bfa corporation

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Problem 1: Last year, BFA Corporation had net sales of $3,600,000 and cost of goods sold of $2,000,000. Its depreciation charge was $600,000 and selling, general, and administrative (SG&A) expense was $800,000. If the interest charge was $30,000 and the tax rate is 35 percent, what was the operating cash flow? Ignore any carry back or carry forward of loss for tax purposes.

A. $675,500
B. $708,000
C. $740,500
D. $773,000
E. $805,500
F. $838,000
G. $870,500
H. $903,000

Reference no: EM132750744

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