Assignment: Cash Flow
Sales
|
$ 43,800
|
Costs
|
22,700
|
Depreciation Expense
|
2,100
|
Interest Expense
|
1,600
|
Tax rate
|
35%
|
If the tax rate is 35 percent, what is the operating cash flow, or OCF? Must show each step in a table
Explain why depreciation and interest expense are included in the income statement (or net income amount), but not in operating cash flow.