Cullumber Rental Company provided the following information to its auditors. For the year ended March 31, 2017, the comp
Posted: Tue Nov 16, 2021 8:26 am
Cullumber Rental Company provided the following information to
its auditors. For the year ended March 31, 2017, the company had
revenues of $878,543, general and administrative expenses of
$350,770, depreciation expenses of $131,455, leasing expenses of
$108,195, and interest expenses equal to $78,122. If the company's
average tax rate is 34 percent, what is the cash flow from
operating activity for Cullumber Rental?
its auditors. For the year ended March 31, 2017, the company had
revenues of $878,543, general and administrative expenses of
$350,770, depreciation expenses of $131,455, leasing expenses of
$108,195, and interest expenses equal to $78,122. If the company's
average tax rate is 34 percent, what is the cash flow from
operating activity for Cullumber Rental?