Multiple Choice
ABC Corporation has the following information for the year:
\(\begin{align*}\)
\(\text{Net Sales}\) &= \$500,000 \\
\(\text{Cost of Goods Sold}\) &= \$300,000 \\
\(\text{Operating Expenses}\) &= \$100,000 \\
\(\text{Depreciation Expense}\) &= \$20,000 \\
\(\text{Interest Expense}\) &= \$10,000 \\
\(\text{Income Tax Rate}\) &= 30\%
\(\end{align*}\)
What is the operating cash flow for ABC Corporation?
