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Peter's Boats Has Sales of $760,000 and a Profit Margin

Question 57

Multiple Choice

Peter's Boats has sales of $760,000 and a profit margin of 5%. The annual depreciation expense is $80,000. What is the amount of the operating cash flow if the company has no long-term debt?


A) $34,000
B) $86,400
C) $118,000
D) $120,400
E) $123,900

Correct Answer:

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