The Oriole Company has disclosed the following financial information in its annual reports for the...
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The Oriole Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017: sales of $1.427 million, cost of goods sold of $816,000, depreciation expenses of $175,000, and interest expenses of $89,575. Assume that the firm has an average tax rate of 35 percent. Compute the cash flows to investors from operating activity. (Round answer to 2 decimal places, e.g. 15.25.) Cash flow from operating activity $ 400176.25
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