Alpine Corp. had earnings before interest and taxes of $800,000 and had a depreciation expense...

50.1K

Verified Solution

Question

Accounting

Alpine Corp. had earnings before interest and taxes of $800,000 and had a depreciation expense of $400,000 this last year. If the firm was subject to an average tax rate of 40%, what was Alpines Corp. operating cash flow for the year? If you need to, assume Alpines interest expense was zero for the year.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students