Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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Sunrise Electronics had sales revenue of $150,000,000, cost of goods sold of $70,000,000, sales
and administrative costs of $20,000,000, depreciation expense of $15,000,000, and a tax rate of
32%. What is the operating cash flow for the year? The sales revenue for a company was
$205.34 million, and their accounts receivable increased by $31.65 million. They also received a
prepayment of $12.30 million from a customer. How much cash was received from customers?
Options:
a. $223.67 million
b. $173.69 million
c. $198.04 million
d. $241.29 million
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Transcribed Image Text:Sunrise Electronics had sales revenue of $150,000,000, cost of goods sold of $70,000,000, sales and administrative costs of $20,000,000, depreciation expense of $15,000,000, and a tax rate of 32%. What is the operating cash flow for the year? The sales revenue for a company was $205.34 million, and their accounts receivable increased by $31.65 million. They also received a prepayment of $12.30 million from a customer. How much cash was received from customers? Options: a. $223.67 million b. $173.69 million c. $198.04 million d. $241.29 million
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning