Cash flows from operating activities
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Timber firewood company reported the following numbers in its 2010 income statement:
EBIT $520,000
Depreciation $35,000
Interest expenses $24,000
General expenses $110,000
If it's marginal tax rate was 30%, what were Timber's cash flows from operating activities for 2010?
a.) $347,200
b.) $382,200
c.) $496,000
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Solution Summary
Solution discusses the Cash flows from operating activities. It also provides calculations for cash flows given marginal tax rates.
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For this we need to calculate first the Net Income:
=PretaxIncome ...
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