Last year, Blue Lake Mines, Inc., had earnings after tax of $550,000. Included in its expenses were depreciation of $240,000 and deferred taxes of $110,000. The company also purchased new capital equipment for $280,000 last year. Calculate Blue Lake's after-tax cash flow for last year. Round your answer to the nearest dollar

Last year, Blue Lake Mines, Inc., had earnings after tax of $550,000. Included in its expenses were depreciation of $240,000 and deferred taxes of $110,000. The company also purchased new capital equipment for $280,000 last year. Calculate Blue Lake's after-tax cash flow for last year. Round your answer to the nearest dollar

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter4: Financial Planning And Forecasting

Section: Chapter Questions

Problem 1P

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