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Problem 2-21(Algo) Depreciation and cash flow [LO2-5]The Rogers Corporation has a gross profit...

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Accounting

Problem 2-21(Algo) Depreciation and cash flow [LO2-5]The Rogers Corporation has a gross profit of $746,000 and $305,000 in depreciation expense. The Evans Corporation also has $746,000 in gross profit, with $48,000 in depreciation expense. Selling and administrative expense is $224,000 for each company.Given that the tax rate is 40 percent, compute the cash flow for both companies. Calculate the difference in cash flow between the two firms.

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